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01:27
Egypt's urban inflation edges up in September
STORY: Egypt's urban inflation edges up in September
SHOOTING TIME: Recent footage
DATELINE: Oct. 10, 2024
LENGTH: 00:01:27
LOCATION: Cairo
CATEGORY: ECONOMY
SHOTLIST:
1. various of the exterior of Egypt's statistics agency, CAPMAS
2. various of vegetables, power grid and gas station in Cairo
STORYLINE:
Egypt's annual urban consumer price inflation rose slightly in September, reaching 26.4 percent from 26.2 percent in August, according to data released Wednesday by the country's statistics agency, CAPMAS.
Despite the uptick, the rate remains significantly lower than the 40.3 percent recorded in September 2023.
On a month-to-month basis, inflation increased by 2.3 percent from August to September 2024. CAPMAS attributed this monthly rise primarily to a 5.1 percent increase in electricity, gas, and fuel prices, as well as a 2.9 percent rise in food costs.
However, recent hikes in fuel prices and public transportation fares, particularly for the Cairo metro, contributed to the slight monthly increase in inflation.
Xinhua News Agency correspondents reporting from Cairo.
(XHTV)
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