Egypt: Monthly inflation rate increased by 0.6% for the month of May

Published 2021년 6월 10일

Tridge summary

The Central Agency for Public Mobilization and Statistics reported a 0.6% increase in the general consumer price index for May 2021, with an annual inflation rate of 4.9%. This increase is due to a rise in the prices of fruits, vegetables, fish and seafood, private transportation, ready-made clothes, and calculated rent for housing, balanced by a decrease in meat and poultry prices. The food and beverages section saw a 1.3% increase, particularly in the prices of fruit, oils, fats, and other food products, while the prices of alcoholic beverages and smoke decreased by 0.1%. The transportation and communications department also saw an increase of 0.5%, driven by a 1.9% rise in private transportation costs and a 0.2% increase in telecommunication equipment prices.

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

Original content

The Central Agency for Public Mobilization and Statistics announced that the general consumer price index for the whole of the republic was 112.9 points for the month of May 2021, recording an increase of 0.6% from April 2021. The agency attributed this to a number of reasons, the most important of which is the increase in the prices of the fruit group by 9.0%, the vegetable group by 5.3 The group of fish and seafood increased by 0.8%, and the prices of the group spent on private transportation also increased by 1.9%, the ready-made clothes group by 1.2% and the calculated rent group for housing by 0.4%, despite the decrease in the prices of the meat and poultry group by -0.3%. The report that this led to an annual inflation rate for the total of the Republic of 4.9% for the month of May 2021 compared to 5.0% for the same month of the previous year. On the other hand, the agency held a comparison between the monthly change in May 2021 compared to April 2021, it was mentioned that ...

Source: Akhbarelyom