Egypt's annual inflation rate hits record high of 36.8 pct in June

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Egypt's annual inflation rate hits record high of 36.8 pct in June

STORY: Egypt's annual inflation rate hits record high of 36.8 pct in June DATELINE: July 11, 2023 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River 3. various of a supermarket 4. various of a market selling vegetables 5. various of shops selling meat and poultry STORYLINE: Egypt's annual inflation rate rose to an all-time high of 36.8 percent in June, up from 14.7 percent in the same month a year earlier, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday. According to a statement by CAPMAS, food and drink prices registered a 64.9 percent increase compared to June 2022. Among the factors that pushed up the record year-on-year rise, the most notable are increases in restaurants, alcohol and cigarette, furniture and appliances, according to the statement. Urban inflation rate registered a month-on-month increase of 2 per

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