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

Egypt's Annual Inflation Climbs to 12%, Exceeding Central Bank's Target

Egypt CAPMAS Central Bank of Egypt
Egypt's Annual Inflation Climbs to 12 percent (Reuters)

Egypt's annual inflation rate jumped to 12.1 percent in March 2022, compared to 4.8 percent 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) increased 2.4 percent from February.

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