Inflation rate increases by 1.8% in April: CAPMAS

A man counts his bills at a foreign exchange office in downtown Cairo June 5, 2014. Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 percent in May from 9.11 percent in April, the central bank said on Tuesday. Picture taken June 5, 2014. REUTERS/Amr Abdallah Dalsh (EGYPT - Tags: POLITICS BUSINESS) - RTR3T1W4

The inflation rate in April increased by 1.8% recording 169.6 points more than March, the Central Agency for Public Mobilization and Statistics (CAPMAS) said Wednesday.

The annual inflation rate increased by 31.5%, in comparison to 14.9% for the same month in 2022, the statement said.

The rise in the inflation rate in April is due to the increase of the index of purchases of food and beverages by 2.3%, it added.

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