CAPMAS: Annual inflation rate rises to 38.2% by July -2023end
First Bank
The Central Agency for Public Mobilization and Statistics announced an increase in the annual inflation rate of commodity prices in the entire republic during the past July to 38.2%, compared to 14.6% in the same month of 2022.
The main reasons for this increase are attributed to the rise in prices of fruit group by 12.5%, sugar and sugary foods group by 2.7%, coffee, tea, and cocoa group by 2.6%, the mineral water, soft drinks, and natural juices group by 2.3%, and the tobacco group by 8.0%.
The prices of meat and poultry group also increased by 0.8%, fish and seafood group by 1.4%, dairy, cheese, and eggs group by 3.8%.
