Inflation Statement For The Month Of August 2022
The annual general urban inflation rate rose to 14.6% in August 2022 compared to a rate of 13.6 in July 2022, mainly due to the rise in food commodity prices, in addition to the increase in food commodity prices. The general inflation recorded a monthly rate of 0.9% in August 2022, compared to a rate of 0.1% in the same month of last year 2021.The monthly general inflation rate in August 2022 reflected a large-scale rise in the prices of non-food commodities due to the high contribution of the services group as a result of the increase in the prices of restaurants and hotels, rents, land transport and private health care. Personal and others The increase in the contribution of goods and services whose prices are set administratively driven by the increase in cigarette prices, which differs from the increase announced by the Eastern Tobacco Company on September 4, 2022. The monthly rate of inflation also reflected the impact of the increase in food prices.The increase in the annual general inflation rate in August 2022 was driven by the increase in the contribution of non-food commodities, as the annual rate of the inflation of non-food commodities rose for the tenth month in a row to record 10.8% in August 2022, after it was 9.9% in July 2022, which is the highest rate since May In addition, the annual rate of food commodity inflation rose to 23.1% in August 2022, after it was 22.4% in July 2022.In light of the large-scale increase in the previously mentioned annual contributions, the annual rate of core inflation rose for the twelfth consecutive month to record a rate of 16.7% in August 2022, after it was 15.6 in July 2022, which is the highest rate since December 2017, while the rate recorded Monthly core inflation was 0.6 in August 2022, compared to a negative rate of 0.3 in the same month of last year 2021.The annual general inflation rate for the total of the Republic increased to 15.3 in August 2022, after it was 14.6 in July 2022, and the general inflation rate in the countryside rose to 16.0 in August 2022, after it was 15.6 in July 2022.
