Inflation in Egypt creeping up
Egypt’s consumer price index (CPI) rose by 6.6 per cent in January, year-on-year. A hike in the cost of cigarettes, electricity and vegetables drove the increase, the state-run statistics body CAPMAS reveals on Sunday.
According to CAPMAS, the country’s inflation accelerated from last month, up 1.8 per cent compared to December.
Inflation was recorded at 4.3 per cent in November, however, its lowest since March 2006.
Both urban and rural inflation increased by 2 per cent month-on-month in January, recording 128 and 131 points, respectively.
- Why India is likely to re-emerge as the UAE's top trade partner
- What's really attracting high net worth individuals to living in the UAE?
- Forbes Middle East reveals names region's 200 most powerful women
- Presidential vacuum, Syrian crisis leaves Lebanon's business leaders more than worried
- Oil wells, taxes, and scare tactics: how the IS has been making money all this time