Annual inflation rates in Egypt accelerated in February, reaching 35.7%, compared to 29.8% in January, according to data from the Central Agency for Public Mobilization and Statistics. This marks a rise in inflation after four months of decline, driven by an increase in food prices.
Data from the Central Agency shows that the primary reasons for this increase include a 25% rise in the prices of meat and poultry, a 14.2% increase in grain and bread prices, an 11.5% increase in fish and seafood prices, and a 12.8% rise in dairy, cheese, and egg prices. Additionally, the price of oils and fats rose by 14.1%, fruits increased by 7.3%, vegetables by 9.2%, and sugar and sugary foods by 6.9%. Coffee, tea, and cocoa saw an 11.3% rise, tobacco increased by 8.5%, ready-made clothing by 4.4%, footwear by 3.2%, and water and related housing services increased by 10.7%.
