#food prices
Egypt’s annual headline inflation rate rose to an all-time high of 38.2 percent in July, according to data published by the Central Agency for Public Mobilization and Statistics (CAPMAS), on Thursday, 10 August. The increase in the annual headline inflation rate is mainly due to a 68.2 percent hike in food and beverage prices, 51.9 percent in alcohol and tobacco products, and 50.3 percent in restaurants and hotel services. Egypt’s annual headline inflation jumped from 36.8 percent in June 2023,…
