Egypt's monthly inflation declines slightly for first time in 7 months

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Egypt's monthly inflation declines slightly for first time in 7 months

STORY: Egypt's monthly inflation declines slightly for first time in 7 months DATELINE: July 8, 2022 LENGTH: 00:01:19 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: various of the Central Bank of Egypt (CBE)various of a cash counting machinevarious of a market STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday that Egypt's headline monthly inflation declined to 13.2 percent in June, from 13.5 percent in May, for the first time in seven months. CAPMAS ascribed the decline mainly to the decrease in prices of food and beverage by 2.2 percent. Other commodities and services, such as healthcare and transport, registered a price rise ranging between 0.3 percent and 2 percent, according to the agency. Egypt's inflation started to speed up entering the double-digit zone in March due to disruption in global supply chains, COVID-19, the Russian-Ukrainian conflict, and the devaluation of the Egyptian pound. The annual headline inflation accelerated to 14.7 percent

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