The data of the Central Agency for Public Mobilization and Statistics showed an increase in the annual inflation rate in Egypt by 6.5% last December, compared to 6% during the same period in 2020.
On the monthly level, the inflation rate in Egypt decreased by 0.2% last December compared to its level in November 2021.
Last November, the inflation rates for the entire Arab Republic of Egypt fell to 6.2%, compared to 7.3% for the month of last October, and 6.3% for the same month last year. 2020.
High and rising inflation is fast becoming a global trend, as the combination of rising energy costs, strong demand and supply chain disruptions continues to raise prices more than economists predicted before Only a few months.
Most economists still expect inflation in 2022 to be lower than last year's levels, as the effect of one-time price hikes fade, but they also expect inflation to last longer than previously thought. Previously.
