Egypt's Inflation rate up 1.1% in February

Cairo – Mubasher: Egypt's consumer price index went up to 177.4 points in February from 175.5 points in January, higher 1.1%, said Central Agency for Public Mobilization and Statistics (CAPMAS).

The rise in Inflation is mainly ascribed to increasing prices of rice (+7.9%), poultry products (+4.7%), vegetables (+1.3%), cooking oil (+6%), sugar (+5.8%), and water consumption (+20.5%), CAPMAS pointed out.

Meanwhile, the group of ready-made cloths fell by 4%, the central agency added.

Egypt's annual inflation rate fell by 9.5% in February 2016, compared to 10.7% in January 2016, CAPMAS said. 

Mubasher Contribution Time: 10-Mar-2016 08:17 (GMT)