The inflation rate in Egypt rose for the third consecutive month by 1.7%, with a total of 7.3% annually last October, compared to 4.6% last year.

The Central Agency for Public Mobilization and Statistics bulletin attributed the rise in monthly inflation rates to an increase in the prices of food and beverage by 1.3%, transport and communications by 0.6%, and education by 13.9%. 

The inflation rate rose annually due to the inflation in the food and beverages department by 13.7%, the housing, water, electricity, and gas department by 4%, the health care department by 2.5%, and the transportation and communications department by 4%. In addition, the inflation in the education department reached 13.9%.

In recent months, inflation rates in Egypt have witnessed a remarkable rise, although they remain at the official target rates. 

Inflation rates curbed the Central Bank of Egypt's ability to continue its interest rate cut policy throughout the current year.