Egypt's annual headline inflation continues to rise

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Egypt's annual headline inflation continues to rise

STORY: Egypt's annual headline inflation continues to rise DATELINE: April 11, 2022 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. exterior shots of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various shots of the Nile River 3. various shots of the open-air market selling fruits and vegetables 4. various shots of people shopping at a supermarket STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Sunday that the country's annual headline inflation rate registered 12.1 percent in March, compared to 4.8 percent in the same period last year. Egypt's inflation accelerated amid the global inflationary wave that was first triggered by the Omicron wave of the pandemic and now the Russian-Ukrainian conflict. According to Egypt's Al-Ahram newspaper, the increase in the annual headline inflation rate was mainly driven by the significant hike in food and beverage prices. In early March, to counter the pressure of the inflationary

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