Egypt's Mobilization and Statistics Authority revealed that the annual consumer price inflation rate in Egyptian cities rose to 36.5 percent in July from 35.7 percent in June.
A Reuters poll showed that inflation in Egyptian cities is expected to grow again in July after reaching an all-time high in June as food prices continue to rise.
The median forecast of 15 analysts surveyed showed annual consumer price inflation in cities rising to 36.5 percent in July from 35.7 percent in June. The previous high was recorded in July 2017 at 32.95 percent.
Source (Al-Arabiya.net Website, Edited)
