Sharp food price rises caused Egypt’s headline inflation to spike to 38.2% for the month of July, a record high amid a national economic crisis, data from the country’s Central Agency for Public Mobilization and Statistics (CAPMAS) showed Thursday.
Headline inflation includes commodities, services, fuel, food and goods, while core inflation does not include food and fuel.
July’s headline inflation numbers broke the all-time high of 36.8% in June. July 2022’s inflation was 14.6%.
Month-on-month, prices rose by 2% in July, the same rise as seen in June, the CAPMAS data showed.
