The inflation rate in the cities of Egypt accelerated to 13.9% year -on -year in April, compared to 13.6% in March, according to the data of the Central Public Mobilization Agency and statistics released today, Saturday. This is the second acceleration of inflation numbers during the past 7 months, as the reading of consumer prices was greatly influenced last month and before August last year, influenced by the rise in fuel prices and tickets for public transport. This comes as a result of an increase in the prices of the electricity, gas group and fuel material with 6.7%, private transport 8.6%, transport services 8.2%, the purchase prices of 1.3%, 1.2%vegetables, grains and bread 0.5%. But on a monthly basis, inflation of cities delayed to 1.3% during April, compared to 1.6% in March. The high prices increased Egypt during the last April, for the second time in 6 months, the prices of petroleum material, which is expected to achieve 35 billion pounds in the current budget of the financial year 2024-2025, the price increase included all types of gasoline and diesel, and the value of the rise reached two pounds per liter. Over the past year, the government has raised the prices of many goods, as the prices of meters and trains rose in August 2024 with the rates between 12.5% and 25%, as part of the country’s efforts to reduce support for many important services and commodities. In May 2024, the government increased the price of a 300%baking bread, in a step, the first in more than three decades. Then came the announcement of raising landline prices and cellphone services, then an increase in electricity prices, building materials, specifically cement and iron.
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