CAIRO: Egypt’s annual urban consumer price inflation eased slightly in September to 31.6 percent from 31.9 percent in August, the official CAPMAS statistics agency said on Tuesday.
Inflation soared to a record high in July on the back of fuel and energy subsidy cuts by the government.
Import-dependant Egypt abandoned its currency peg to the US dollar last November and the currency has depreciated roughly by half since then.
Egypt’s annual urban consumer inflation rate falls to 31.6% in September
Egypt’s annual urban consumer inflation rate falls to 31.6% in September
