Egypt’s Annual Inflation Soars to 33.7% in May, Driven by Rising Food Prices

Egypt’s annual headline inflation surged to 33.7 percent in May, marking a significant increase from the 15.3 percent recorded during the same period in 2022, according to a report by the Central Agency for Public Mobilisation and Statistics (CAPMAS).

The report also revealed a notable month-on-month increase of 2.7 percent in urban inflation, driven primarily by a sharp rise in food prices, which registered a year-on-year growth of 58.9 percent.



Leave a Reply

Your email address will not be published. Required fields are marked *