Egypt's inflation hits five-year high at 18.7% in November

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Egypt's inflation hits five-year high at 18.7% in November

STORY: Egypt's inflation hits five-year high at 18.7% in November DATELINE: Dec. 9, 2022 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of exterior shots of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River in Cairo 3. various of a supermarket 4. various of open-air market selling vegetables 5. various of shops selling meat and poultry STORYLINE: Egypt's annual urban consumer inflation rate surged from 16.2 percent in October to 18.7 percent in November, a five-year high since December 2017, when it hit 21.9 percent, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday. The price hikes followed a currency devaluation in October and continued restrictions on imports. Vegetable prices rose by 7.8 percent, dairy (cheese and eggs) by 5.5 percent, and cereals and bread by 4.8 percent. Prices of fish and seafood rose by 3.7 percent and meat and poultry by 6.8 percent, according to CAPMAS. The Egyptia

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