The Central Agency for Public Mobilization and Statistics in Egypt announced an increase in the annual inflation rate for the total of the republic by 8% for the month of September 2021, compared to 3.3% for the same month of the previous year.< /p>
The agency added that the annual consumer price inflation rate in Egyptian cities rose to 6.6% in September from 5.7% last August.
Egypt announced in early September that it had succeeded in maintaining inflation rates within the central bank's target range at a time when many countries in the world are witnessing a wave of rising inflation. .
The Egyptian government has pursued rational economic and monetary policies over the past years, based on scientific studies, indicators and future expectations that took into account achieving stability in commodity prices that may witness increases in some cases. Sometimes, as well as setting interest rates in line with inflation targets, which made Egypt at the forefront of emerging markets in reducing the inflation rate.
