Egyptian government mandates manufacturers to print price on packages

CAIRO – 19 February 2024: Chairman of the Consumer Protection Agency (CPA) Ibrahim al-Siginy stated Monday that the decree of the Supply Ministry mandating manufacturers to print the price of products on the packages would go into effect on March 1.

Egypt's headline inflation fell to 31.2 percent in January from December’s 35.2 percent, after reaching a historic high of 38 percent in September, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

Annual urban consumer price inflation (CPI) fell to 29.8 percent in January, dropping from 33.7 percent in December, wrote CAPMAS in its monthly bulletin.

Inflation may also pick up in February as Ramadan season rolls in, which usually comes with increased consumer demand, particularly on food and beverages, as Egyptians stockpile goods ahead of the holy month.