Egypt’s monthly inflation rises by 2.5% in October
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMS) announced today that the general consumer price index for the entire country reached (137.2) points in October 2022, representing a (2.5 percent) increase over September 2022.
Read more: Egypt’s inflation rises to a four-year high in September
The main reasons for this increase are price hikes in the vegetable category (7.6%), dairy, cheese, and eggs (5.7%), meat and poultry (3.4%), cereals and bread (1.6%), ready-made clothing (2%), the goods and services used in home maintenance (1.9%), outpatient services (2.8%), newspapers, books, and stationery (30.5%), and higher education (15.1%).
Moreover, the annual inflation rate was 16.3% in October, up from 7.3% compared to the same period in 2021.