18 January 2019 04:26 AM

CAPMAS: Inflation rate down 4.1% in Dec.

Thursday، 10 January 2019 - 01:16 PM

The inflation rate stood at 296.5 in December, down 4.1 percent in comparison with November, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Thursday.

In a statement on Thursday, CAPMAS said the annual inflation rate plunged 11.1 percent in December in comparison with the same month in 2017.

CAPMAS attributed the drop in monthly inflation rate to a reduction in food and beverage prices by 7.3 percent in comparison with the previous month.

The inflation rate in urban areas stood at 288 points in December, down 3.4 percent in comparison with the previous month.

In rural areas, the inflation rate registered 305.6 points in December, down 4.8 percent in comparison with November.

 


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