Egypt’s annual headline inflation falls to 26.3% in October: CAPMAS
Updated 11/10/2024 8:41:00 AM
Arab Finance: Egypt's annual headline inflation dropped to 26.3% in October 2024, compared to 38.5% in the same month of 2023, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release on November 10th.
The CAPMAS report showed a year-on-year (YoY) surge in prices of the food and beverage segment by 26.9%, the alcoholic beverage and tobacco segment by 35.1%, the clothing and footwear segment by 24.4%.
Moreover, the prices of the transport segment rose by 30.2% last October, while the prices of housing, water, electricity, gas, and fuel segment increased by 20.3%.
The prices of the healthcare segment also increased in October by 31.3% YoY, while the restaurants and hotels segment went up by 30.8%.
Meanwhile, the prices of the communication segment levelled up 12.6% YoY last month.
On the other hand, prices of the education segment remained unchanged at 12.3%.
As for the monthly consumer price index (CPI), it recorded 240.0 points in October, with inflation at 1.5% as compared to 2.3% in September, the CAPMAS noted.
It is worth noting that Egypt’s annual headline inflation narrowed to 26% last September, compared to 40.3% in the same month of 2023.
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