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Egypt’s inflation rate stands at 4.9% in May

Egypt’s inflation rate stands at 4.9% in May

ArabFinance: Egypt's annual headline inflation rate inched down to 4.9% in May 2021, when compared to 5% in May 2020, according to figures by the Central Agency for Public Mobilization and Statistics (CAPMAS).

On a monthly basis, the inflation rate grew to 4.8% in May, from 4.1% in April.

The consumer price index registered 0.7% by the end of May.

The prices of fruits leveled up by 9%, followed by vegetables by 5.3%, and fish and seafood by 0.8%.

The prices of private transportation, ready-made garments, and house rentals increased by 1.9%, 1.2%, and 0.4%, respectively.

On the other hand, the prices of meat and poultry decreased by 0.3%.

 

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