The Egyptian Central Agency for Public Mobilisation and Statistics (CAPMAS) on Monday revealed that the monthly inflation rate went down 0.2 per cent in December 2021 compared with the previous month, while the annual inflation rate went up by 0.5 per cent.
In a report, CAPMAS said Egypt’s monthly inflation rate stood at 117.8 points in December, decreasing by 0.2 per cent compared with the previous month of November.
CAPMAS attributed the decrease of inflation to a decline in the prices of vegetables by 8.2 per cent, while fish and seafood recorded a decrease of 1.4 per cent and meat and poultry went down by 1.2 per cent.
The prices of electricity, gas and other fuels went down by 1.4 per cent, while prices of grains and bread rose by 0.9 per cent and fruits by 0.9 per cent.
The report also recorded a rise in the annual inflation rate to reach up to 6.5 per cent 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 per cent, housing, electricity, gas and fuel by 4.8 per cent.