Annual Inflation
The annual urban inflation rate also hiked in July to 13.6 percent, compared to 13.2 percent in June, according to the state-statistic body’s data.
A decline in the inflation rate does not mean that prices have fallen, however, it does mean that prices have risen at a slower pace.
The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday revealed that the monthly inflation rate went down 0.2 percent in December 2021 compared with the previous month, while the annual inflation rate went up by 0.5 percent.
Inflation recorded 110.2 points in January 2021, marking a decrease of 0.4 percent compared to December 2020.
In October, Egypt’s annual consumer price inflation recorded 17.5 percent, compared to 31.8 percent in the same month of 2017.
The monthly inflation decreased 1.2 percent from 34.2 percent recorded in July 2017.
