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Egypt's annual urban inflation hits 8.3% in May: CAPMAS

Annual urban inflation in May was 8.3% compared to 8.2% in the same month last year, reports the state statistics body

Ahram Online, Tuesday 10 Jun 2014
vegetables at a market
Women sell vegetables at a market in the Egyptian Delta town of Zagazig (Photo: Reuters)
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Egypt's annual urban inflation was 8.3 percent in May, state statistical body CAPMAS announced on Tuesday.

However, monthly urban inflation declined in May to record -0.7 percent compared to 0.2 percent in April.

According to CAPMAS, the yearly headline inflation rate was 8.3 percent in May compared to 8.2 percent in the same month in 2013. But on a monthly basis the consumer prices index eased to -0.9 percent from 0.6 percent.

May's inflation rise is the smallest increase since November 2013 when Egypt's urban inflation hit a three-year high of 13 percent.

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