The headline inflation rate accelerated to 15.47% in August from 14.0% in July, its highest level in over seven years. The core inflation rate, compiled by the CBE, rose to 13.25% in August, up from 12.31% a month earlier. “Food and beverage prices, which account for the largest component of the basket of goods and services, climbed 19.3% y-o-y,” Bloomberg says, attributing the rise to increases in electricity prices and the weaker EGP. “August’s jump in the headline inflation figure appeared to signal a resumption in the upward trend in prices,” Reuters notes.