Published by
Al-Araby
Al-Araby
As the end of Ramadan draws near across the Muslim world, Egypt continues to see record-high inflation rates, which have manifested in skyrocketing prices of consumer goods causing a surge in food prices. According to the Central Agency for Public Mobilisation and Statistics (CAPMAS), March this year saw a 12.1 percent inflation rate in comparison to last year’s 4.8 percent for the samemonth. Food prices rose by 4.5 percent, with the most notable category of inflation being bread and grains, which rose by 11 percent. In February, inflation rates in rural areas rose to 10 percent, while inflati…