Food price inflationIn July 2022, food prices surged 11% on a year-on-year basis. This is the consequence of higher prices of services in restaurants, cafés and hotels (+ 8.1%) and rents (+4.8%). Unregulated food products saw a 13.1% rise compared to 0.3% for regulated food products. Consumer prices up 8.2% over one yearConsumer prices increased 1% in July after 0.7% in June and 0.9% in May. In monthly variation, food prices surged 1.9%, mainly due to higher prices of poultry (7.6%), vegetables (3.3%), sheepmeat (2.6%), edible oils (1.9%) and eggs (2.9%).

Source: The North Africa Journal August 07, 2022 19:35 UTC