CAPMAS: Annual inflation rate rises to 36% by February -2024end
First Bank
Central Agency for Public Mobilization and Statistics announced, an increase in the annual inflation rate for commodity prices in the total republic during February 2024 to 36%, compared to 31.2% at the end of January 2024.
The most important reasons for this decline are due to the increase in prices of the group of meat and poultry by 25% and the change in prices of the group of grains and bread by 14.1%. In addition, the group of dairy, cheese, and eggs rose by 12.8%; the sugar and sugary foods group rose by 6.9%; and the coffee, tea, and cocoa group surged by 11.3%.
Central Agency for Public Mobilization and Statistics indicated that the monthly inflation rate for the total republic recorded 11% during February 2024, compared to 1.7% during the January 2024.
