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Butane crisis drives up Egypt's inflation 0.7 pct in February: CAPMAS

Price hikes in natural gas and butane, as well as some consumer goods raised inflation rate in Egypt, according to state statistics agency

Ahram Online and Reuters, Saturday 10 Mar 2012
Inflation
Egyptian man carries an empty gas cylinder on his back Photo: Reuters
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Egypt's annual headline inflation rose a monthly 0.7 per cent in February 2012 to reach 122.1 points, fuelling a year-on-year climb of 10 per cent, Egypt's state statistics agency (CAPMAS) showed on Saturday.

Figures from CAPMAS stated that inflation is being fuelled by broad climbs in consumer prices. These include hikes in natural gas and butane (up 12.4 per cent), poultry (up 8.4 per cent), tomato (up 5.1 per cent) and eggs (up 4.5 per cent).

Headline inflation calculates an average between urban and rural differences.

Egypt's urban consumer inflation climbed to 9.2 per cent in the 12 months to February from 8.57 per cent in January,.

The urban consumer price index for February was 121.1 versus 110.9 a year earlier, according to the CAPMAS agency.

Meanwhile, rural consumer price inflation was also rose by 0.8 per cent from January reaching 12.2 per cent in February.


 

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