The annual inflation rate in Egypt jumped to 24.3 percent in December, the highest it has been in seven years and more than double the 2015 level. This was largely due to a government action last year that also particularly affected grain prices. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The annual inflation rate in Egypt jumped to 24.3 percent in December, the highest it has been in seven years and more than double the 2015 level. This was largely due to the devaluation of the Egyptian pound, which had a major impact on local prices. Grain was particularly affected as it mostly imported, and that price increased 54.1 percent. Meanwhile, the cost of food rose 29.3 percent in 2016.Also in Egypt, a recent study has concluded that...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Farm Inputs, Asia, Middle East & Africa