Inflation & Prices
Egypt’s Inflation Accelerates Anew to Stay Above 30%
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Egyptian inflation accelerated after a monthlong respite, as a round of price increases by authorities fans pressures already building following three currency devaluations.
Consumer prices in urban parts of Egypt climbed an annual 32.7% in May from 30.6% the previous month, according to a statement Saturday from the state-run statistics agency CAPMAS. Food and beverage costs, the largest single component of the inflation basket, rose 60%.