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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Inflation Jumps to Five-year High in November

Inflation Egypt CAPMAS Mostafa Madbouly
Two Egyptian women shopping in the streets of Cairo (EPA)

Egypt's annual urban consumer inflation rate rose from 16.2 percent in October to 18.7 percent in November, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) said Thursday.

The inflation hike in November marks the highest increase since December 2017, when it reached 21.9 percent.

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