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22 November 2006

Egypt consumer price inflation rises

Egypt’s consumer price inflation increased to 11.8% year on year in October from 9.5% in September.

Accelerating costs for food and non-alcoholic beverages, which hold a large weighting in the consumer price index, were responsible for most of the inflation.

The cost of housing and utilities, another large component, rose by 6% for a third consecutive month while transport costs expanded by 10.4%

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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