Food Prices Hike by 37.6% YoY in April

Updated 5/16/2024 7:08:00 AM
Food Prices Hike by 37.6% YoY in April

In April, Egypt experienced a significant surge in food prices, with an overall year-on-year increase of 37.6%, as per data from CAPMAS. 

This hike impacted various essential commodities, with non-subsidized sugar leading the list at an alarming 116.5% jump, followed by a 72.6% increase in onion and potatoes by 68.4%.  

Other staples such as coffee, soft drinks, lentils, fresh meat, milk, eggs, and edible oil also witnessed substantial price hikes, ranging from 48% to 63.3%. 

Egypt's annual headline inflation slightly declined to 31.8% in April, versus 33.1% in March. 

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