Egypt's annual headline inflation rate rose to 14.9% in April 2022, compared to 4.4% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release on May 10th. Moreover, the prices of the transport segment rose by 6.9% last April, while the prices of housing, water, electricity, gas, and fuel segment increased by 6%, data showed. Meanwhile, the prices of the communication segment inched up by 0.8% YoY last month. Furthermore, the monthly consumer price index (CPI) recorded 129.0 points in April, marking a 3.7% growth rate as compared to March, the CAPMAS noted. It is worth noting that Egypt's annual headline inflation rate grew to 12.1% in March 2022, compared to 4.8% in March 2021.

Source: The North Africa Journal May 11, 2022 12:45 UTC