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Thndr Claps » EGY Claps » Economy 🏙 » Egypt November 2022 inflation at 18.7%🎈

Egypt November 2022 inflation at 18.7%🎈

by Shams Abbas
December 10, 2022

The Clap
Egypt’s annual inflation rate rose to 18.7% in November 2022.

What
Inflation, AKA the reason you get less for what you pay for as time goes on, was given a bump by the EGP’s devaluation, making imports more expensive.

So what
Food & beverage prices, which hold the most weight when calculating inflation, increased more than 30% year-over-year.

Now what
Soaring inflation is sure to be high on the Central Bank of Egypt’s (CBE) agenda when it meets on the 22nd of December.

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