Annual inflation in Egypt hit a new high in January as the country continues to struggle with price increases and currency depreciation, Egypt’s statistics bureau said on Thursday.

The Central Agency for Mobilization and Statistics released figures showing that annual inflation rose to 26.5% last month from 21.9% in December. In January 2022, that same figure stood at just 8%, before soaring after the outbreak of the Russian war in Ukraine the following month, which shook the global economy.

In January, commodity prices in Egypt continued to rise. The cost of bread and cereals rose an average of 6.6%, while the price of meat and poultry soared 20.6%, the office said.