Egypt’s annual inflation rate jumped to 15.3% in May 2022, compared to 4.9% in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics (CAPMAS).
On a monthly basis, the country’s Consumer Price Index (CPI) recorded 130.2 points in May, up 0.9% from April.
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This increase is driven by higher prices of cereals and bread by 10.9%, oil and fats by 6.9%, as well as seafood by 5.3%
Meanwhile, the prices of fruits and dairy products and eggs climbed by 2.3% and 1.9%, respectively.
