Annual urban inflation slows to 30.6% in April 2023: Egypt

Annual urban inflation slows to 30.6% in April 2023: Egypt

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the annual urban inflation rate declined to 30.6% in April 2023, compared to 32.7% during March 2023.

It indicated, in its monthly report issued on Wednesday, that the monthly urban inflation rate also declined to 1.7% in April, compared to 2.7% in March.

According to the agency, the general index of consumer prices for the whole republic reached 169.6 points for the month of April 2023, recording an increase of 1.8% over the previous month.

The agency attributed the most important reasons for this rise to the increase in the prices of the cereals and bread group by 7.0%, the meat and poultry group by 0.9%, the fish and seafood group by 7.3%, the dairy, cheese and eggs group by -0.2%, the oils and fats group by 0.8%, and the vegetables group by -0.8%. 3.9%, sugar and sugary foods group 1.1%, coffee, tea and cocoa group 2.4%, smoke group 6.1%.

The prices of the textile group also increased by 1.8%, the ready-made clothing group by 4.0%, the cleaning, repair and rental of clothes group by 2.1%, the shoes group by 4.8%, the shoe repair group by 3.0%, the actual housing rent group