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In April 2024, Egypt's urban inflation slowed to 32.5% from 33.3% in March, with food inflation reaching its lowest rate since December 2022.
Egypt's urban inflation saw a significant slowdown in April 2024, dropping to 32.5% from 33.3% in March, according to the Central Bank of Egypt (CBE).
The decrease is attributed to the reversal of rising food inflation trends since 2021 and a favourable base effect.
In April, annual food inflation reached 40.5%, its lowest rate since December 2022, while annual non-food inflation rose to 27.3%.
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En abril de 2024, la inflación urbana de Egipto se desaceleró hasta el 32,5% desde el 33,3% en marzo, y la inflación de los alimentos alcanzó su tasa más baja desde diciembre de 2022.