Egypt's headline inflation inches up to 26.5% in October
Food prices also rose by 1.1% compared with 2.6% in September. October food prices were 27.3% higher than they were a year earlier.
Egypt's annual urban consumer price inflation edged up to 26.5% in October from 26.4% in September, slightly below expected, data from the country's statistics agency CAPMAS showed on Sunday.
On a monthly basis, headline inflation rose by 1.1% in October, unchanged from September.
More To Read
- Egypt rallies around Mohamed Salah as AFCON looms amid Liverpool turmoil
- FAO index shows decline in global food prices, except cereals
- World Bank warns political interference weakening Kenya’s state-owned enterprises
- Egypt rejects US plan for foreign control in Gaza, insists Palestinians must govern themselves
- Palestinian police to be trained in Egypt as Gaza rebuilds security forces
- KNBS data shows uneven food price shifts as inflation dips slightly
The median forecast of 17 analysts was for annual inflation to increase to 27% last month. Still, annual inflation crept upwards for a third straight month.
Food prices also rose by 1.1% compared with 2.6% in September. October food prices were 27.3% higher than they were a year earlier.
Inflation has been fuelled largely by an expansion of the money supply. Egypt's M2 money supply grew by 29.59% year-on-year in September, central bank data showed.
Other Topics To Read
Top Stories Today
