Egypt Inflation Eases to 12.7% in August as Food Prices Fall
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Egypt inflation eases to 12.7% in August as food prices fall
Egypt's annual inflation rate decreased to 12.7% in August, down from 13% in July, driven by falling food prices despite rising costs in housing and utilities. The Central Agency for Public Mobilization and Statistics reported a static consumer price index, while urban inflation also fell to 14.5% from 14.9%. The Central Bank of Egypt anticipates that inflation will rise in the second half of 2026 due to energy price hikes and currency depreciat…
Egypt's annual inflation rate slowed down last August, falling to 12.7% from 13% during July 2026, according to the Central Bureau of Public Mobilization and Statistics. In today's Thursday statement, the agency explained that the Republic's total consumer price index stood at 289.8 points for August 2026, maintaining the general level of July 2026 prices.
The Central Bureau of Public Mobilization and Statistics, Thursday, said that the annual consumer price inflation rate in Egyptian cities slowed to 14.5% in August compared to 14.9% in July.
The annual increase in the food and beverage group, which constitutes the largest item in the inflation basket, was recorded at 6.3% in August. This rate was 8% in July. Thus, the recent acceleration in food prices...
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