Inflation continued to rise, scoring 32.9% at the end of April, up from 32.5% in March, due to higher prices of vegetables, meat, fish, poultry, and fruits. The rise of inflation, driven by price hikes, burden Egyptians, especially in the current tough economic phase. The increase in food prices contributed by 32% to the annual inflation. She noted that this is the fourth month when monthly inflation increase declines. “We are working with the Egyptian authorities and the CBE to reduce inflation,” IMF director Christine Lagarde said on Monday.

Source: Daily News Egypt May 10, 2017 12:45 UTC