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.
- Between a rock and a hard place: are poor fiscal policies perpetuating poverty in Jordan?
- Tarnished: How "golden" is the current era of GCC economies?
- Let them eat bread: Lebanese youth urged to build their own future
- The list of the top ten highest salaries in the UAE reveals that they are not as high as they once were
- Why this global mega company is investing $500 million in Egypt