Egypt: Egypt's Increasing Food Prices Driving Higher Inflation

  |   Attaché Report (GAIN)

On July 10, 2016, the Central Administration for Public Mobilization and Statistics (CAPMAS) released its latest headline Consumer Price Index (CPI) numbers for the month of June, reflecting an increase of 0.78 percent from May, bringing headline inflation to a seven-year high of 13.97 percent. According to CAPMAS, one of the key drivers was food prices, increasing by 2.1 month-over-month. Restrictive measures on grain and soybean imports have contributed to higher food prices in Egypt.

Egypt: Egypt's Increasing Food Prices Driving Higher Inflation

Egypt, Near East
Grains, Feeds and Fodders, Corn, Oilseeds, Soybeans

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