Iran War Drives Egyptian Inflation Rate to Highest Since May
Reduced lighting and stores closing early to conserve energy, in Cairo, in March.
Photographer: Islam Safwat/BloombergEgypt’s inflation rate rose to the highest level since last May, after the Iran war caused a surge in global energy prices and a weakening of the local currency.
Annual consumer-price growth in urban areas accelerated to 15.2% in March from 13.4% in February, state statistics agency CAPMAS said Thursday.