Egypt: Why did the monthly inflation rate rise last July?

Published 2021년 8월 10일

Tridge summary

The General Mobilization and Statistics Agency reported a 1.0% increase in the general consumer price index for July 2021 compared to June 2021, with an annual inflation rate of 6.1%. This rise is due to increases in the prices of dairy, meat, vegetables, smoke, electricity, gas, and organized tourist trips, which offset a decrease in fruit prices. The highest year-over-year increase was in the food and beverages section, with dairy, meat, and vegetables seeing the biggest price hikes. Meanwhile, the transport department saw a significant decrease in prices, with the cost of fuel and motor vehicles falling significantly year-over-year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The General Mobilization and Statistics Agency revealed that the general consumer price index for the whole of the Republic reached (114.4) points for the month of July 2021, registering an increase of (1.0%) over the month of June 2021. The most important reasons for this rise are due to the increase in the prices of dairy, cheese and eggs by a percentage (2.2%), the meat and poultry group (1.2%), the vegetables group (1.1%), the smoke group (1.7%), the electricity, gas and other fuels group (8.9%), the group of organized tourist trips (6.9%) ), the personal care group (1.2%). This comes despite the decrease in the prices of the fruit group by (-3.4%). The annual inflation rate for the total of the Republic was recorded (6.1%) for the month of July 2021, compared to (4.6%) for the same month of the previous year. We monitor the most prominent changes in the inflation rate in the following lines: First: The monthly change (July 2021 compared to June 2021): 1- The food and ...

Source: Soutalomma