The egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) on Wednesday revealed that the monthly inflation rate went up 1 percent in July compared with the same period in 2020.
Egypt’s monthly inflation rate stood at 114.4 points in July; rising by 1 percent.
The annual inflation rate upped by 1.5 percent to register 6.1 percent compared to 4.6 percent during the same period in 2020, CAPMAS said in a report.
The most important reasons behind this uptick is the increase in prices of food and beverages that went up by 6 percent in July, as well as meat and poultry, which increased by 1.2 percent, CAPMAS added.
Also, prices of vegetables increased by 1.1 percent, other food products by 0.6 percent, CAPMAS added.
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