Inflation Rises to 13.1% in April 2022

Giving More to Your Wealth
10 May 2022

Inflation Rises to 13.1% in April 2022 CAPMAS (The Center for Public Mobilization & Statistics) released inflation figures for April 2022. The numbers showed that urban (headline) inflation rose to 13.1%, up from 10.5% in March 2022. On a monthly basis, inflation was 3.3% MoM in April 2022. Food price surges were the key driver of higher inflation. Nationwide inflation registered 14.9%, up from 12.1% in March 2022. Core inflation, reported by the CBE (Central Bank of Egypt), came in at 11.9% versus 10.1% in March 2022. Globally, food and energy prices have been rising significantly, affecting all countries worldwide. This comes as a result of the Russia-Ukraine conflict, supply chain disruptions, and strong demand post-pandemic. (Sources: State Information Service (English), Reuters (English), Zawya (English) (Arabic), Mubasher (English), Daily News Egypt (English), Egypt Today (English), Business Today Egypt (English), al-Maal, Amwal al-Ghad, al-Borsa, Hapi Journal, Economy Plus Me, al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Watan, Akhbar al-Youm, Masrawy, Middle East News Agency, al-Sharq Business, CNBC Arabia, al-Arabiya, al-Sharq al-Awsat, CNN, France24, Sputnik)

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