Urban consumer inflation up in November

Egypt’s urban consumer inflation surged in November to reach 11.1 percent compared to 9.7 percent in October, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).The agency said in a statement on Thursday that this is the third consecutive increase in urban consumer inflation after it dropped in August, recording its lowest level at 7.9 percent since October 2013.



In early November, President Abdel Fattah al-Sisi promised a drop in the price of basic commodities by the end of the month.

The government said in last November that it will control the prices of the ten basic food commodities namely meat, poultry, fish, oil, sugar, rice, beans, corn, soybean, and wheat.