CAPMAS: Annual inflation rate declined to 33.1% by March -2024 End
First Bank
Central Agency for Public Mobilization and Statistics announced, an decrease in the annual inflation rate for commodity prices in the total republic during March 2024 to 33.1%, compared to 36% at the end of February 2024.
The most important reasons for this decline are due to the decrease in prices of the group of grains and bread by 0.3%,the group of vegetables by 3.5%.
While the group of meat and poultry rose by 2.3% and the change in prices of the group of grains and bread by 1.6%. the sugar and sugary foods group rose by 1.1%; and the group of coffee, tea, and cocoa group increased by 1.1%.
Central Agency for Public Mobilization and Statistics indicated that the monthly inflation rate for the total republic recorded 10% during the last March, compared to 11% during February 2024.
