Egypt’s annual urban consumer price inflation quickened to 12.5% in October from 11.7% in September, data from statistics agency CAPMAS showed this Monday.

The uptick in inflation comes amid a series of economic reforms and tightening from the Central Bank of Egypt, including recent fuel‑price increases and wage adjustments.

While the rate remains well below the 38% peak seen in September 2023, economists warn that elevated inflation continues to strain household budgets and complicate the country’s efforts to stabilise the economy.

–Reuters/ChannelAfrica–