Cairo – Mubasher: Egypt’s annual urban inflation went down to 6.2% in November, compared to 6.3% in the same month in 2020, according to official data on Thursday.
The consumer price index (CPI) stood at 118 points in November, maintaining its October level. The stability in Egypt’s inflation on a monthly basis is attributed to both the increase and decrease in prices.
Grocery prices declined by 11% in November, while fruits as well as meat and poultry witnessed a plunge of 5.1% and 3.4%, respectively, in their prices.
On the other hand, the prices of oils, grains and bread, and dairy products rose by 13.7%, 3.2%, and 1%, respectively, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
Annually, food and beverage prices in Egypt surged by 9.3% in November this year, compared to the same month in 2020.
