Egyptian inflation skyrockets ...News

Food and beverage prices have more than doubled due to a currency crisis, official data shows Annual urban inflation in Egypt jumped to 32.7% in March, its highest level since 2017, data from national statistics agency CAPMAS showed on Monday. The increase has been driven by a sharp rise in food prices and the devaluation of the Egyptian pound. Consumer prices grew less than economists expected, but were still higher than the 31.9% recorded in February, led by a 62.9% rise in food and beverage costs. On a monthly basis, urban inflation growth slowed to 2.7% in March, down from 6.5% in February and 4.7% in Ja

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Last updated : 10 April 2023 clock 04:04 PM

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Egyptian inflation skyrockets ...News

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