Arab Finance: Egypt's annual headline inflation hit 23.2% in January 2025, compared to 23.4% in December 2024, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed in a press release on February 10th.

This recorded rate was driven by the 20.2% year-on-year (YoY) increase in food and beverage prices last January, as prices of meat and poultry rose by 22.3% and vegetable prices went up by 10.5%.

Additionally, the prices of the alcoholic beverage and tobacco segment were 29.5% higher than in January 2024, and the restaurants and hotels segment recorded a surge of 27.1% YoY.

The healthcare segment recorded a 40.5% YoY increase in prices, while the education sector remained stable at 12.3%.

As for the housing, water, electricity, natural gas, and fuel segment, it saw a YoY growth of 18.7% in prices last January.

Meanwhile, the monthly inflation rate hit 1.6% in January 2024, versus 0.0% in December 2024, with the consumer price index (CPI) recording 243.5 points.

Somabay inks autograph collection property deal with Marriott Updated 2/10/2025 2:23:00 PM

Khalid AlSweilem named as Chairman of EFG Hermes KSA Updated 2/10/2025 1:18:00 PM

January sees Vegetable prices down, fruits up: CAPMAS Updated 2/10/2025 10:55:00 AM

Egypt sees 1.3% MoM increase in grains, bread prices for January 2025 Updated 2/10/2025 10:51:00 AM

MSMEDA aims to support 4M clients in 3 years Updated 2/10/2025 7:41:00 AM