Pakistan, May 11 -- CAIRO - Egypt's annual urban consumer price inflation climbed to 13.9% in April, up slightly from 13.6% in March, in line with market expectations, according to the national statistics CAPMAS.

The slight rise in inflation was mainly driven by an increase in official fuel prices, analysts noted. Month-on-month, prices rose by 1.5%, though food and beverage prices saw a rare monthly drop of 1.5%. Still, they were up 6.0% compared to the same period last year.

Inflation in Egypt has remained a major concern since Russia's invasion of Ukraine in early 2022. The conflict disrupted global supply chains, triggered investor withdrawals from Egyptian treasuries, and sent inflation skyrocketing to a record 38% in September 202...