The monthly inflation rate inched up by 1.6 percent in September compared to August, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

On a monthly basis, inflation recorded 133.8 points in September, it added.

Egypt’s annual inflation also rose to 15.3 percent in September, compared to 8 percent in the same month of 2021, CAPMAS said on Monday.

CAPMAS attributed the rise in the monthly inflation rate to the significant increase in the prices of food and beverages by 2.1%, vegetables by 6.2 %, dairy, cheese and eggs by 4.4%, and meat and poultry by 1.8 percent.

Prices of other commodities also increased by 4 percent, it further said.

Meanwhile, CAPMAS said that the increase in annual inflation in September compared to the same month last year came as a result of the rise in prices of food and beverages prices that rose by 21.5 percent, along with increases in commodity and services prices; including clothes which increased by 12.8 percent, water, electricity, gas and fuel that went up by 6.5 percent.

Source: State Information Service Egypt