CAPMAS: Egypt's monthly inflation down by 0.2 %, annual rate up by 0.5%

CAIRO- 10 January 2022: The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday revealed that the monthly inflation rate went down 0.2 percent in December 2021 compared with the previous month, while the annual inflation rate went up by 0.5 percent.

In a report, CAPMAS said Egypt's monthly inflation rate stood at 117.8 points in December, decreasing by 0.2 percent compared with the previous month of November.

CAPMAS attributed the decrease of inflation to a decline in the prices of vegetables by 8.2 percent, while fish and seafood recorded a decrease of 1.4 percent and meat and pourtly went down by 1.2 percent.

The prices of electricity, gas and other fuels went down by 1.4 percent, while prices of grains and bread rose by 0.9 percent and fruits by 0.9 percent.

The report also recorded a rise in the annual inflation rate to reach up to 6.5 percent in December 2021 compared with the same month of the previous year. It attributed the rise to hikes in the prices of food and beverages by 9.7 percent, housing, electricity, gas and fuel by 4.8 percent.