Egypt’s inflation rate sees 1.5% increase in July: CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday that the country’s inflation rate increased by 1.5 percent in July as it was recorded at 312.5 points after the 307.8-points recording in June.

A statement of consumer prices by CAPMAS added that the inflation rate recorded was 11.7 percent from January to July 2019.

CAPMAS explained that the inflation rate increased due to increasing fuel prices in July and a 0.5 percent increase in prices of foodstuffs between June and July. There was an 8 percent increase recorded for foodstuff prices between June 2018 and July 2019.

CAPMAS noted that the inflation rate declined by 7.8 percent in July 2019 and 13 percent in June 2018.

The inflation rate in urban areas increased by 1.8 percent in July after recording 305.9 points compared to 300.6 points recorded in June, and by 8.7 percent since July 2018.

The inflation rate in rural areas increased by 1.3 percent in July, recording 320.5 points whereas 316.5 points were recorded in June, and by 9.6 percent since July 2018.

Edited translation from Al-Masry Al-Youm

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