Egypt's annual headline inflation eases in December

STORY: Egypt's annual headline inflation eases in December SHOOTING TIME: Archive DATELINE: Jan. 11, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of 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: The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday that Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November. However, December's inflation rate remains significantly higher than the 21.9 percent recorded in December 2022. According to the state-owned newspaper al Ahram, the latest inflation reading surpasses the target set by the Central Bank of Egypt (CBE), which aims to keep inflation within 7 percent (±2 percent) by the end of 2024. CAPMAS attributed the decline in December's inflation to a 1.7 percent decrease in the prices of meat and poult