CAPMAS: Annual inflation rate declined to 27.4% by May -2024 End

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%