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Egypt’s inflation falls to 11.1% in December – CAPMAS

Egypt’s inflation falls to 11.1% in December – CAPMAS
CPI declined 4.1% month-on-month, recording 296.5 points last December

Cairo – Mubasher: Egypt’s annual inflation slashed to 11.1% in December, compared to 22.3% in the same month of 2017.

The consumer price index (CPI) declined 4.1% month-on-month, recording 296.5 points last December, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Thursday.

The CAPMAS attributed the fall in inflation rate to the drop in prices of vegetables by 22.4%, meat and poultry by 2.3%, fruits by 0.6%, and fish by 0.5%.

In December, the CAPMAS reported that the most populous Arab country’s annual inflation slipped to 15.6% year-on-year in November from 26.7%.

The consumer price index (CPI) registered 309.1 points last November, down 0.7% month-on-month.