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Inflation rises to 12.2% in January: CAPMAS - Daily News Egypt

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Inflation rises to 12.2% in January: CAPMAS

After a short-lived decline in December, January rates show a surge on both annual and monthly basis


CAPMAS’s report indicated that the general prices of foods and beverages ascended by 3.6%, compared to the preceding month. (AFP Photo)
CAPMAS’s report indicated that the general prices of foods and beverages ascended by 3.6%, compared to the preceding month.
(AFP Photo)

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported on Monday that inflation rates surged in January to reach 12.2% compared to the same period last year.

The report added that inflation rates also jumped by 1.6% between December 2013 and January 2014.

CAPMAS’s report indicated that the general prices of foods and beverages ascended by 3.6%, compared to the preceding month. Meanwhile, the same prices accelerated by 19.1% compared to the same period last year.

The jump in inflation rates continued as urban inflation rate also increased to 1.7% month on month and by 13.2% year on year.

In December, inflation rates saw a minor decline after their 1.3% decrease from November’s statistics. It was the second monthly decline in inflation rates during 2013, the first being in May, when rates slowed by 0.2% month on month.

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https://www.dailynewsegypt.com/2014/02/10/inflation-rises-12-2-january-capmas/
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