Egypt’s inflation surges to record 38% News

RIYADH​: Egypt’s annual urban consumer price inflation surged to a record 38 percent in September from 37.4 percent in August, according to its statistics agency CAMPAS.  

Data released by the agency on Tuesday revealed that prices of food and beverages in September rose by 73.6 percent compared to the same month last year.   

The annual price hike in food and beverages was spurred by a 45 percent ascent in the cereals and bread group. 

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