The overall inflation rate stood at 4.3% in January 2021 against 5.4% in December 2020 in Egypt, according to data contained in a report published this Wednesday, February 10 by CAPMAS, the national agency for statistics. Inflation is therefore falling to its lowest level since September 2020.
Food and beverages, the largest component of the inflation basket, fell 0.5% and 1.6% year-on-year, the same source said.
As a reminder, the annual average of inflation stood at 5% in 2020, its best rate since 2006. This had been commented by the IMF as being a consequence of the investments made in the modernization of agricultural methods and chains food supply.
