The High Commission for Planning stated that the inflation rate is expected to rise to 2.2 percent during the first semester of the current year, compared to 0.7 percent during the previous chapter.
In its publication of the economic circumstance of the fourth semester of the year 2024 and the expectations for the first and second chapters of the current year, the delegate explained that it is more likely that this development is due to the increase in the prices of food products by 3.7 percent and the prices of non -food products by 1.1 percent.
The high cost of basic foodstuffs, in particular, has contributed to accelerating the growth of food inflation, as it is especially more likely that the prices of meat, which witnessed a continuous increase for more than four seasons with the contribution of (1+ points), the prices of fresh fish (+0,2 points), as well as fresh vegetables (+01 points), against (-1 points) in the previous chapter, are among the prominent factors that contributed to this rise.
It is also expected that the definition adjustments, especially to tobacco (2.9+ per cent in January), will also contribute to this trend, albeit to a lesser extent.
On the other hand, the prices of non -food products are expected to record a moderate increase, mainly driven by the increase in energy prices by 1 percent after declining 1.1 percent in the previous chapter.
The basic inflation, which excludes energy prices and prices affected by the intervention of the country and volatile products, will witness a slight slowdown to 2.3 percent compared to 2.5+ per cent, which reflects weakly in the dynamism of manufactured products.
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