Egypt’s Consumer Price Index (CPI) for August 2024 has surged to 26.20%, reflecting a continued rise in inflationary pressures within the country. This latest data, updated on September 10, 2024, shows a slight increase from the previous month’s CPI of 25.70% recorded in July 2024.The CPI data signifies a year-over-year comparison, which means the August 2024 figure of 26.20% is compared to the same month last year. Similarly, July 2024’s CPI of 25.70% was contrasted against its corresponding month in the previous year. The consistent upward trajectory suggests that Egypt is grappling with ongoing inflation, which could have far-reaching implications for its economy and monetary policies.This latest development underscores the critical need for diligent economic management and policy adjustments by the Egyptian authorities to stem the tide of rising prices and stabilize the economy moving forward.The material has been provided by InstaForex Company – www.instaforex.com
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