RIYADH: Egypt’s monthly inflation rose 1.3 percent in October, bringing the consumer price index to 264.3 points as price pressures continued to build, according to official data.
Figures from the Central Agency for Public Mobilization and Statistics showed the annual inflation rate eased slightly to 10.1 percent in October from 10.3 percent in September.
The data comes as Egypt’s macroeconomic indicators show early signs of stabilization following currency and fiscal reforms introduced since early 2024.
In its latest report, CAPMAS stated: “The main reasons for this increase are attributed to the rise in prices of the food and beverages section by 1.2 percent, the alcoholic beverages and tobacco group by 0.7 percent, and the clothing and footwear section by 1.2 percent.”
Housing, water, electricity, gas, and fuel costs increased 5 percent month on month, while household furnishings rose 0.5 percent and health care services edged up 0.2 percent.
