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: May 11, 2022 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. exterior of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River (in Cairo) 3. various of open-air market selling fruits and vegetables 4. various of people doing shopping at a supermarket STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Tuesday that the country's annual headline inflation rate increased to 14.9 percent in April, up from 12.1 percent in March and 4.4 percent in April 2021, with inflation in urban areas jumping to 13.1 percent. The annual headline inflation measures the total inflation within the economy including volatile commodities such as food and energy. Monthly headline inflation also climbed by 3.7 percent in April, mainly due to the rising prices of food commodities and services, according to the CAPMAS. Inflation has been on the rise in Eg

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