Egypt’s annual inflation rises to 32.7% in May ...Egypt

EGYPT INDEPENDENT - Economy
Egypt’s annual inflation rises to 32.7% in May
source : EGYPT INDEPENDENT ( Egypt ) () 45
The annual inflation rate in Egypt rose to 32.7 percent in May, from 30.6 percent in April, according to data published by the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) on Saturday. CAPMAS announced in a statement that the monthly inflation rate increased by 2.7 percent in May. It added that the general consumer price index across the country last month reached 174.1 points, registering an increase of 2.7 percent from last April. The agency attributed this rise to the increase in the prices of cereals and bread by 4.6 percent, meat and poultry by 2.1 percent, seafood and fish by 9.8 percent, and oils and fats by 5.9 percent. Egypt, which relies heavily on import

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