Egypt’s monthly inflation falls for first time in 2022
- Date: 08-Jul-2022
- Source: Al-Monitor
- Sector:Financial Services
- Country:Egypt
Egypt’s monthly inflation falls for first time in 2022
Monthly inflation in Egypt finally fell last month, albeit slightly.
The monthly inflation rate was 13.2% in June, down 0.03% from May. This was the first decrease in the monthly inflation rate in seven months, the state-owned news outlet Al-Ahram reported Thursday.
Why it matters: Like other countries in the region, Egypt is experiencing a high degree of inflation. The price increases partly result from the Russian invasion of Ukraine, which has disrupted global supply chains worldwide. Egypt has been particularly affected by the war, as it previously imported most of its wheat from Russia and Ukraine.
Select Sector 
Select Country 
