Egypt: Inflation Forecast to Have Climbed Further in May

Egypt: Inflation forecast to have climbed further in May

State statistics agency, CAPMAS, is expected to release the latest figures on Wednesday, six days earlier than usual.

Egypt's inflation surges at fastest pace this year in May - Egypt Independent

Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9 percent in April. This surge was primarily driven by increasing food prices, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Wednesday. This marks the third monthly acceleration in consumer price increases in Egyptian cities this year, following similar upticks in March…