Cairo – Mubasher: Egypt’s annual headline inflation rate dropped by 0.3% to 107.4 points in August compared to a month before, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Thursday.
The decline in inflation rate was ascribed to lower prices of fruits by 10.4%, meat and poultry by 4.4%, fish and seafood by 2.7%, vegetables by 2.6%, and clothing and shoes by 0.3%, the statement showed.
On the other hand, the prices of transportation services increased by 7.4%, medical equipment and products by 3.2%, hospital services by 1.9%, outpatient services by 0.4%, and house rental by 0.1%.
Year-on-year, the annual headline inflation rate registered 3.6% in August, its lowest level since November 2019, from 6.7% in the same month a year earlier.
