Egypt’s annual inflation jumps to 16.2% in October

CAPMAS reported that the monthly headline inflation increased by 2.5 percent in October compared to September, driven mainly by the rise in food and beverage prices (3.2 percent), healthcare (1.3 percent), and education (7.7 percent).

Egypt's headline inflation has been accelerating in the double digits zone since the outbreak of the Russia-Ukraine war in February.

The Central Bank of Egypt has hiked key interest rates three times since the start of the war by a total of five percent to reign in inflation,