CAIRO (Reuters) -Egypt’s annual urban consumer price inflation dropped to 13.9% in July from 14.9% in June, data from statistics agency CAPMAS showed on Sunday.
Urban food and beverage prices were down 3% overall compared to June 2025 but rose by 3.4% against July 2024.
Urban inflation on a monthly basis inched down in July by 0.5% compared to June, as meat and poultry prices were down by 4.9%, fruits by 11% and vegetables by 7%, while the prices of bread and cereals were up by 0.4% and seafood by 0.2%.
Egypt’s annual inflation has plunged from a record high of 38% in September 2023, helped by an $8 billion financial support package agreed with the International Monetary Fund in March 2024.
(Reporting by Menna Alaa El-Din and Jaidaa Taha; Editing by William Mallard, Elaine Hardcastle)
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