Annual Inflation
Egypt’s urban consumer price inflation (CPI) dropped to 33.7 percent in December from November’s 34.6 percent, while prices climbed 1.4 percent month-on-month in December compared to a rise of 1.3 percent the month prior
Egypt’s annual inflation rate declined to 38 percent in September, from August’s recorded 39.7 percent, CAPMAS revealed
The annual urban inflation rate also hiked in July to 13.6 percent, compared to 13.2 percent in June, according to the state-statistic body’s data.
A decline in the inflation rate does not mean that prices have fallen, however, it does mean that prices have risen at a slower pace.
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.
Inflation recorded 110.2 points in January 2021, marking a decrease of 0.4 percent compared to December 2020.
In October, Egypt’s annual consumer price inflation recorded 17.5 percent, compared to 31.8 percent in the same month of 2017.
The monthly inflation decreased 1.2 percent from 34.2 percent recorded in July 2017.
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