CAPMAS: Annual inflation rate declined to 31.8% by April -2024 End
First Bank
The Central Agency for Public Mobilization and Statistics announced an decrease in the annual inflation rate for commodity prices in the total republic during April 2024 to 31.2%, compared to 33.1% at the end of March 2024.
The most important reasons for this decline are due to the decrease in prices of the group of grains and bread by -3.7%, the group of meat and poultry fell by 1.8%, and the group of other foods declined by 5.7%.
In addition, the group of vegetables rose by 0.3%, the group of fruits increased by 3.5% the group of sugar rose by 0.9%, and the group of coffee, tea, and cocoa increased by 0.6%, and the group of fish and seafood rose by (1.1%), and the group of dairy, cheese and eggs by (0.6%).
The Central Agency for Public Mobilization and Statistics indicated that the monthly inflation rate for the total republic recorded 0.9% during April 2024, compared to 1.0% during March 2024.
