From AFP…

Inflation soared to 21.1 percent in Egypt in May, its highest level in 10 years, official statistics carried by the state MENA news agency said on Tuesday.
The head of the CAPMAS statistics agency, Abu Bakr Al-Guendi, said the increase was mainly due to the increased cost of food staples such as bread.
Official inflation figures are released every two months, with the previous figure for March at 15.8 percent.
Year-on-year inflation in urban areas was 19.7 percent for May and 22.9 percent in rural areas, Guendi said. Urban inflation stood at 16.4 percent in April.
Egypt’s inflation seemed under control until the start of the year, but by March had surged to 15.8 percent year on year on the back of skyrocketing food prices.

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