Cairo – Mubasher: Egypt’s consumer price index (CPI) declined to 30.9% in May, compared to 32.9% in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday in a statement.
The CPI recorded its first fall since the flotation of the Egyptian pound in October 2016, when the inflation rate recorded 14%.
Prices of meat and poultry rose in May by 3.6%, while the vegetables group saw a price increase of 1.7%, the fruits group of 6.4%, and the fish and seafood of 2.2%.
The CPI increased in April by 1.8% month-on-month, while it rose by 2.1% in March.
