Egyptian annual inflation rises 11.8% in November: CAPMAS

Egypt’s annual inflation rate boosted 11.8 percent in November compared to 10.3 percent in October, official statistics agency CAPMAS announced on Thursday.

The Egyptian government has introduced discounted foodstuff all over the nation in an effort to curb rising food prices.

Prices of food and beverages, the main contributor in the consumer price index, saw an annual rise of 15.1 percent in November.

Urban inflation rose 11.1 percent in Novemeber year-on-year, while rural inflation increased 12.7 percent in the same period.

Source: Reuters