Egypt’s annual urban inflation declined significantly to 4.7% in May, compared to 5.9% in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed on Wednesday.
CAPMAS explained that the consumer price index (CPI) totalled 107.7 points in May, registering an increase of 0.1% over April.
The agency attributed the rise to the increase in fruit prices by 4.7%, meat and poultry by 2.0%, cereals and bread by 0.4%, private transportation by 1.6%, garments by 1.3%, and outpatients services by 0.6%.
Meanwhile, vegetable prices declined by 4.7%; fish and seafood by 1.8%; and dairy, cheese, and eggs by 0.2%.
CAPMAS noted that the annual headline inflation declined to 5% in May 2020, compared to 5.9% in April 2020 and 13.2% in May 2019.