CPI inflation rate
This was the highest figure since May 2019 sending inflation above the upper limit of the central banks 5-9 target range for the second straight month and beating market consensus of a 118 percent rise amid higher food and beverage prices and devaluation of the. The annual urban inflation rate in Egypt accelerated to 131 in April of 2022 from 105 in the previous month.
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The rise in the inflation rate would be due to an acceleration in the prices of energy 28 vs 265 in April services 32 vs 3 food 42 vs 38 and manufactured goods 29 vs 26.
. The annual inflation rate in France likely quickened to 52 in May of 2022 the highest since September of 1985 and above market forecasts of 5 preliminary estimates showed.
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