This document is IB Macro Economy IA about Inflation written in 2021.
Since I got 7 points, it will be very helpful for your assignment.
본 문서는 2021년 작성한 IB Macro Economy 중 Inflation를 주제로 잡은 IA 입니다.
7점 받았기에, 도움 많이 되시리라 생각합니다.
Egypt’s inflation rate hits 7-month high on the back of price hikes
Urban consumer prices rose due to increases in fuel, electricity, tobacco and food costs
Egypt’s annual inflation rate reached a seven-month high, the state-run statistics agency Capmas said on Tuesday. Prices increased to 5.4 per cent in July, the highest since December 2020, the government agency said.
Capmas attributed the increase from 4.9 per cent in June to a rise in food costs amid higher consumption during the summer months, as well as recent rises in the prices of fuel, electricity and tobacco.
Food and beverages costs – the largest single component of the inflation basket – climbed an annual 4.9 per cent. Transport was up 6.6 per cent, and alcohol and tobacco rose by 2.9 per cent.
Prices increased by 0.9 per cent on a monthly basis, from 0.2 per cent in June, mainly on account of the cost of oils and fats, meats, vegetables and housing and utilities.
- Total number of pages: 9 pages
- Topic: IB Macroeconomics IA – Inflation
- Subject: Economics
- The file is in PDF format.