Arab Finance: Egypt's annual headline inflation recorded 13.5% in April, versus 13.1% in March, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS) on May 10th.

The inflation rate was driven by a 6.2% year-on-year (YoY) jump in food and beverage prices, due to a 12.9% increase in grains and bread prices and a 6.9% increase in fish and seafood prices.

Prices falling under the alcoholic beverage and tobacco segment surged by 16.1% compared to April 2024.

Meanwhile, the housing, water, electricity, natural gas, and fuel sector recorded an 18.4% YoY increase in prices.

As for the monthly inflation rate, it rose to 1.3% in April, with the consumer price index (CPI) reaching 253.8 points.

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