Egypt's Central Agency for Public Mobilization and Statistics announced on Thursday that the annual inflation rate in the country has risen to 38.2%. This is a new record high, significantly surpassing previous estimates. Official data indicates a sharp increase in prices for food items and services. Experts attribute this situation to several factors, including the devaluation of the national currency and global economic shocks. The government has already implemented a series of measures to stabilize the situation, but their effectiveness remains uncertain. Citizens are facing significant difficulties in purchasing basic goods and paying utility bills. "We are witnessing an unprecedented rise in prices, which directly affects the standard of living of every Egyptian citizen," stated one analyst. It is expected that the central bank will continue to tighten monetary policy to control inflation. Authorities are also considering expanding the social support program for vulnerable populations.
