CAPMAS: Annual inflation rate declined to 27.4% by May -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 May 2024 to 27.4%, compared to 31.8% at the end of April 2024.
The most important reasons for this decline are due to the decrease in prices of the group of grains and bread by 2.5%, the group of meat and poultry fell by 4.6%, and the group of fish and seafood fell by (0.07%) and the group of dairy, cheese and eggs by 3.9%
In addition, the group of vegetables declined by 8.7%, the group of sugar fell by 0.06%, while the group of coffee, tea, and cocoa increased by 0.08%, the group of fruits increased by 12.4%
