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Annual Inflation Rate in Egypt Surges to 39.7% in August: Central Agency for Public Mobilization and Statistics

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Egypt’s Inflation Rate Reaches 39.7% in August

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Introduction

The Central Agency for Public Mobilization and Statistics in Egypt has reported that the annual inflation rate for August this year has surged to 39.7%, a significant increase from 15.3% in the same month last year.

Inflation Continues to Rise

According to data released by the Central Agency for Public Mobilization and Statistics, the overall consumer price index, which measures inflation, rose by 1.6% in August compared to July, reaching 184.0 points across the country.

Impact of Inflation

The Statistics Department has highlighted that Egypt’s annual inflation rate jumped to 39.7% in August, in contrast to 15.3% in August 2022.

Source

Source: RT

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