Egypt’s yearly inflation down to 9.1% in April

May 11, 2014 1:06 am


Egypt’s state-owned statistics agency CAPMAS has said the country’s yearly inflation up to April dropped slightly to 9.1% to register the least rise since November 2013, Ahram has reported. Annual headline inflation slowed to 10.2% in the year to March. However, monthly inflation has started to rise again, due to price hikes in some basic food products. Traditionally, food prices in Egypt rise in the weeks ahead of the holy month of Ramadan, which falls in late June this year.

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