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

Egyptian Inflation Reaches Highest Level in 5Y, IMF Expects a Decline After 2Y

Inflation Egypt CAPMAS World Bank
Egyptians buying fruits in Cairo market (EPA)

Egypt's annual urban consumer inflation rose sharply in December to 21.3 percent, its highest level in five years, according to Central Agency for Public Mobilization and Statistics (CAPMAS).

The inflation rate in December was the highest since 2017 when it reached 21.9 percent.

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