June annual headline inflation rate stabilizes at 30.9%
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Egypt’s overall annual headline inflation rate for June stood at 30.9 percent, the same as figures recorded in May, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday.

The overall annual inflation rate calculates average price increases for a basket of goods and services in urban and rural areas for a given month, compared to the same month the previous year.

The monthly headline inflation rate slowed to an increase of 0.8 percent in June, according to CAPMAS, compared to a 1.6 percent increase in May.

June’s annual inflation rate was caused by an increase in prices of all types of goods and services, including food, beverages and household appliances, by around 40 percent.

According to CAPMAS, monthly inflation was driven by a rise in prices of certain food items, including dairy, cheese, eggs, meat, poultry and fruit, as well as a rise in prices of clothes and travel.

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