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Egypt's inflation rate up 0.3% in May - CAPMAS


Egypt's monthly inflation rate rose 0.3% in May to stand at 274.7 points against 273.9 points in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Sunday.

In its monthly bulletin, CAPMAS said that annual inflation rate receded to 11.5% in May compared to the corresponding month in 2017. 

The inflation rate upped by 14% in the period from January to May in comparison with the same period last year, according to CAPMAS.

Prices of food and beverages increased by 0.1% in May compared to April.

The inflation rate in urban areas inched up 0.2% in May to record 265.6 points against 265.2 points in April. 

In rural areas, the inflation rate increased by 0.4% in May to reach 285.6 points against 284.3 points in April.  

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