Egypt's annual inflation records 6.1% during July, rises 1% monthly

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Tue, 10 Aug 2021 - 02:15 GMT

BY

Tue, 10 Aug 2021 - 02:15 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC

The Central Agency for Public Mobilization and Statistics (CAPMAS) - CC

CAIRO – 10 August 2021: Egypt’s annual consumer price inflation recorded 6.1 percent in July 2021, compared to 4.6 percent in July 2020 and 5.3 percent in June 2021, state-statistics body said Tuesday.

 

 

On a monthly basis, inflation recorded 114.4 points in July 2021, marking an increase of 1 percent compared to July 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) said.

 

 

CAPMAS attributed the rise in inflation to the increase in the prices of the group of the dairy, cheese and eggs group by 2.2 percent, the meat and pourtly group by 1.2 percent, the vegetables group by 1.1 percent, the smoke group by 1.7 percent.

 

 

It also referred to the increase in the group of electricity, gas and other fuel materials by 8.9 percent, organized tourism trips by 6.9 percent, and personal care group by 1.2 percent.

 

 

The agency indicated that this rise despite the decrease in the prices of fruits group by 3.4 percent.

 

 

The Central Bank of Egypt aims to achieve an inflation rate of 7% (±2 percentage points) on average during the fourth quarter of 2022.

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