Mixed news for Egypt’s economy

Source: Middle East Institute

Author(s): Mirette F. Mabrouk

Original Link: https://www.mei.edu/blog/weekly-briefing-lebanons-power-grid-shuts-down#mabrouk

Egypt’s Central Agency for Public Mobilization and Statistics, better known by its acronym, CAPMAS, invariably concentrates on the figures, regardless of their political connotations. The latest figures show that overall inflation in both urban and rural areas is at 8%, up from 6.6% in August. Urban inflation is at 6.6%, up from 5.7% in August. That’s the highest it’s been in 20 months; back in January 2020, it had hit 7.2%.

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