Data from The General Authority for Statistics showed that housing, water, electricity, gas and other fuels recorded a significant rise of 8.91 TP3T during December 2024 compared to the same month of 2023.
Data from The General Authority for Statistics showed that <This rise was mainly due to the increase in the Rents paid for housing by 10.6%, driven by an increase in villa rental prices by 9.9%. The data showed that this increase contributed significantly to the continuation of the high annual inflation rate for December 2024, especially since the housing section constitutes a significant weight in the inflation index of 25.5%.
Rents
Rents paid for housing.
In the food and beverage section, prices rose by 0.8%, driven by a sharp increase in meat and poultry prices which recorded a rise of 29%. The miscellaneous personal goods and services section recorded an increase of 2.2% as a result of a 20.2% increase in the prices of jewelry, watches, and antiques.
Restaurants and Hotels saw an increase of 0.9%, influenced by an increase in the prices of hotel and furnished apartment services, which rose by 2.3%. Restaurants and Hotels saw an increase of 0.9%.
According to the data, the education section recorded an increase of 1.1%, driven by a 1.8% increase in middle and high school tuition fees. According to the data, the education section recorded an increase of 1.1%, driven by a 1.8% increase in middle and high school tuition fees.
<On the other hand, home furnishings and fixtures saw prices decrease by 2.8%, as the prices of furniture, carpets, and floor coverings fell by 5.1%. The prices of clothing and footwear also decreased by 2.2%.
These indicators highlight the impact of changes in the prices of basic goods and services on inflation rates, reflecting clear shifts in consumption patterns and spending levels.
Rising prices of food, services and restaurants
Increase in education costs and decrease in furnishing prices
