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Egypt's inflation up 6.6pct in January: CAPMAS

Price hikes in cigarettes, vegetables and electricity pushed Egypt's inflation up to 6.6 per cent in January, year-on-year

Ahram Online, Sunday 10 Feb 2013
Inflation
(Photo: Reuters)
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Egypt’s consumer price index (CPI) rose to 6.6 per cent in January, year-on-year. A hike in the cost of cigarettes, electricity and vegetables drove the increase, the state-run statistics body CAPMAS reveals on Sunday.

According to CAPMAS, the country’s inflation accelerated from last month, up 1.8 per cent compared to December.

Inflation was recorded at 4.3 per cent in November, however, its lowest since March 2006.

Both urban and rural inflation increased by 2 per cent month-on-month in January, recording 128 and 131 points, respectively.

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