print logo
Egypt’s headline annual inflation rose to eight percent in September, up from 3.3 percent in the same month of 2020 and 6.4 percent in August 2021.
12.10.21 | Interesting article at Ahram Online

The hike was driven by a notable increase in the prices of beverages and food commodities by 13.1 percent, prices of culture and entertainment services by 6.5 percent, and prices of healthcare services by 2.4 percent, said CAPMAS.


The headline monthly inflation rate also increased in September by 1.6 percent.


CAPMAS attributed the increase mainly to the rise in the prices of food commodities and beverages by 4.4 percent, healthcare services by 0.5 percent, restaurant and hotel services by 0.6 percent, and culture and entertainment services by 0.2 percent.


The readings of the annual and monthly headline inflation come in the range the Central Bank of Egypt (CBE) targets through the fourth quarter of 2022 at seven percent­ ±2 percent.