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.
- What's its secret? Kuwait sustains non-oil growth for two years
- The reliable consumer: China on track to become biggest export market for GCC by 2020
- After the GCC 'happy' summit, is a customs union closer to reality?
- A bleak record: Turkey comes second in OECD income inequality list
- ًA safe bet? Why the ME's businessmen are chasing after St.Kitts and Nevis' citizenship