Egypt’s Inflation rate rises by 1% in May: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed Egypt’s inflation rate during the month of May rose by about 1 percent compared to the month of April, recording 311.1 points.

In its monthly statement on the consumer price index, CAPMAS said that the annual inflation rate during the past month was 13.2 percent, compared to 11.5 percent for the same month in 2018.

The rise in the monthly inflation rate was attributed to the increase in the prices of fruits by 18.1 percent, meat and poultry by 3.6 percent, cereals and bread by 0.7 percent, fish and seafood by 1.2 percent, clothing by 1.3 percent, medical products and equipment by 5.5 percent, organized tourism trips by 0.8 percent, and junk food by 1.3 percent.

Edited translation from Al-Masry Al-Youm

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