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Egypt's urban inflation accelerates to 10.5% in March

Egypt's urban inflation accelerates to 10.5% in March
Egypt's urban inflation increased to 10.5 percent in March as residents struggle with the cost of living
1 min read
The cost of living is rising in Egypt [Getty]

Egypt's annual urban consumer price inflation accelerated to 10.5 percent in March, from 8.8 percent in February, data from the country's statistics agency, CAPMAS, showed on Sunday.

On March 21, the Egyptian pound had  around 17 percent in its value against the US dollar, following a  and a rise in prices across different aspects of life, especially food.

The pound has been  at 18.32 Egyptian pounds to the dollar at banks on Monday after it had been valued at 15.77 before the recent  of the Egyptian pound.

Of Egypt's  of around 102,000,000 residents, one-third are estimated to be .

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