Egypt’s annual inflation slows to 11.7 percent in September

Egypt’s annual inflation slows to 11.7 percent in September

Egypt's annual urban consumer price inflation slowed to 11.7 percent in September from 12 percent in August, data from statistics agency CAPMAS showed on Wednesday, a deceleration less than what analysts in a Reuters poll had anticipated. The median forecast was for an easing to 11 percent in the poll of 15 analysts, extending a two-year downward trend as the government tightens monetary policy. Month-on-month, prices rose by 1.8 percent in Sept…

CAPMAS: Egypt’s Urban Inflation Slows to 11.7%

Annual inflation in Egypt’s urban areas eased to 11.7% in September, down from 12% in August, according to new data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Wednesday.