10 Nov 2021

CAPMAS (The Center for Public Mobilization & Statistics) released inflation data for October 2021, which indicated that urban inflation declined to 6.3%, down from 6.6% in September 2021. Monthly inflation figures showed that prices went up by 1.5% between September 2021 and October 2021. As for core inflation, that increased to 5.2% in October 2021, from 4.8% in September 2021. Global supply chain disruptions have been causing inflationary pressures worldwide in recent months. Rising energy and food prices also contributed to inflation figures.

(Source: Reuters (English), al-Arabiya (English) (Arabic), al-Maal, Mubasher, al-Ahram, al-Masry al-Youm, Akhbar al-Youm, Sada el-Balad, al-Sharq Business, CNBC Arabia)