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

Egypt's Inflation Rate Rises to Near Four-Year High

Inflation Egypt CAPMAS
The inflation rate for all of Egypt was at 15.3% in September. (Reuters)

Egypt’s annual urban consumer inflation rose to 15% in September, its highest in four years, data from the country’s statistics agency CAPMAS showed on Monday.

Inflation increased to 15% year-on-year from 14.6% in August, according to CAPMAS data. This was the highest since November 2018, when it hit 15.7%.

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