09 Jun 2022

CAPMAS (The Central Agency for Public Mobilization & Statistics) released inflation figures for May 2022, showing headline (urban) inflation registering 13.5% versus 13.1% in April 2022. Although inflation is still rising, the pace of the increase comes slower than most had forecasted. On a monthly basis, headline inflation increased by 1.1% MoM in May 2022. Nationwide inflation reached 15.3% in May 2022 versus 14.9% in April 2022, and went up by 0.9% MoM on a monthly basis. The main drivers of inflation were increases in the prices of some food items, despite others seeing some declines. (Sources: Reuters (English), Mubasher (English), Zawya (English), Amwal al-Ghad (English) (Arabic), al-Ahram (English) (Arabic), Egypt Today (English), al-Arabiya (English) (Arabic), Xinhua (English), al-Maal, al-Borsa, Economy Plus Me, al-Masry al-Youm, al-Shurouk, al-Dustour, Akhbar al-Youm, Masrawy, al-Sharq Business, CNBC Arabia, al-Sharq al-Awsat, RT)