The Central Agency for Public Mobilization and Statistics in Egypt announced that the general consumer price index reached 169.6 points for April 2023, recording an increase of 1.8% from March 2023.
The rise in inflation was driven by a 54.7% year-on-year increase in food and beverage prices in April.
The annual inflation rate in Egypt recorded 31.5% for the month of April 2023, compared to 14.9% for the same month of the previous year.
The inflation rate in cities increased on a monthly basis during April by 1.7%, while the monthly inflation rate in cities increased in March by 2.7%.
This article was originally published by RT.