Egypt: Inflation picks up in April
May 10, 2020
Consumer prices increased 1.3% in April compared to the previous month, up from the 0.6% increase in March and mainly due to a sharper increase in food and vegetable prices.
Inflation accelerated to 5.9% in April from 5.1% in March, coming closer to the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation slowed to 6.7% in April from 7.3% in March.
Author: Edward Gardner, Economist