Egypt’s headline inflation edged up to 5.7% in August: CAPMAS ...Egypt

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Egypt’s annual urban consumer price inflation accelerated slightly to 5.7 percent in August from 5.4 percent in July, reaching its highest rate since November, the official statistics agency CAPMAS reported on Thursday. The rate remains well within the target range of 5 percent-9 percent set by the central bank, which meets on Sept. 16 to decide interest rates. The quickening of annual headline inflation was driven by sharp price increases in some food products including oils and vegetables, according to CAPMAS data. Month-on-month headline inflation slowed to 0.1 percent in August, from 0.9 percent in July, the agency said. Inflation spiked in 2017 after the government launched economic ref

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Last updated : 09 September 2021 clock 05:00 PM

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Egypt’s headline inflation edged up to 5.7% in August: CAPMAS ...Egypt

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