Inflation crept up annually as per data published by official statistics agency CAPMAS on Monday. The pick-up in both urban and total republic inflation is not shocking since vegetable and fruit prices have been escalating on annual and monthly basis, respectively. Annual urban inflation edged up from 13% in April to 14.1% in May. Meanwhile, monthly urban inflation accelerated from 0.5% to 1.1%. A similar trend pace was detected in total republic inflation which inched up from 12.5% in April to 13.2% in May on an annual basis and from 0.4% to 0.9% on a monthly basis. The future of inflation and interest rates are the topics of discussion in Today’s Story.
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