CAPMAS: monthly inflation in Egypt down 0.2%, annual rate up 0.5%

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CAIRO – January 10, 2022: The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) revealed on Monday that the monthly inflation rate fell by 0.2% in December 2021 compared to the previous month, while the annual inflation rate increased by 0.5%.

In a report, CAPMAS said Egypt’s monthly inflation rate stood at 117.8 points in December, down 0.2% from the previous month of November.

CAPMAS attributed the decline in inflation to a drop in vegetable prices of 8.2 percent, while fish and seafood fell 1.4 percent and meat fell sharply by 1.2 percent.

The prices of electricity, gas and other fuels fell 1.4%, while the prices of cereals and bread rose 0.9% and fruits by 0.9%.

The report also saw an increase in the annual inflation rate to 6.5% in December 2021 compared to the same month a year earlier. He attributed the rise to price increases for food and beverages of 9.7%, shelter, electricity, gas and fuel of 4.8%.

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