Egypt's Inflation Up to 38 Percent in September
TEHRAN (ANA)- Egypt's annual urban consumer price inflation rose to 38 percent in September from 37.4 percent in August 2023, Egypt's official statistics authority said.
Monthly prices of food and beverages climbed by 3.6 percent, vegetables by 19.2 percent, fruits by 5.4 percent, and sugar by 2.9 percent, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said.
Egypt has been struggling to curb the inflation rates that have been rising over the past few years, amid local currency depreciation and foreign currency shortage.
On Monday, Egypt's Prime Minister Mostafa Madbouly said the government will reduce the prices of seven basic food commodities by 15 percent to 25 percent, adding that "containing inflation and controlling the rise in prices of food commodities constitute a priority for the government."
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