Egypt’s annual inflation rises to 14.1 percent

0
33

By Agencies

Egypt’s annual urban consumer price inflation increased to 14.1% in May from 13% in April, official statistics agency CAPMAS said on Monday.

CAPMAS attributed the hike in inflation on a monthly basis to the increase of food and drinks commodities’ prices.

Egypt is approaching the end of an IMF-backed economic reform programme that saw inflation rise to a high of 33 per cent in 2017.