Egypt’s year-on-year inflation increased to 35.7% in June versus 32.7% in May while core inflation, which excludes fuel and some food items, also climbed to a record of 41%. The soaring consumer prices further compound the financial misery of the North African country and limit its options.devaluation of the pound could affect national security and the well-being
of the country’s people. With energy and food prices accounting for about 38% of the consumer price index, the June inflation level is likely to heighten his concerns.Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.