Inflation in Ägypten steigt weiter

In Ägypten, wo Millionen von Menschen mit weniger als einem Dollar pro Tag auskommen müssen, steigt die Inflation weiter:

Inflation in Egypt rose considerably in February, the Egyptian government said on Thursday.

The Egyptian Central Agency for Public Mobilization and Statistics said that annual headline inflation reached 32.9% in February, up from 25.8% in January. The year-on-year increase was even higher. Inflation was just 10% in February last year, according to a press release.

The agency primarily attributed the increase to rising food prices in February:

• meat prices rose 29.7%
• seafood rose 19.5%
• dairy rose 11.1%
• fruit rose 10.8%
• bread prices rose 9.2%
• vegetables rose 5.3%

Why it matters: Inflation in Egypt has risen considerably in the past year, in large part due to the supply chain shocks resulting from the Russian invasion of Ukraine. A year into the war, inflation appears to be getting worse. Average Egyptians are struggling with price increases of bread, tomatoes and other basic foods, Amr Emam reported for Al-Monitor from Giza in January.