Egypt's annual urban consumer price inflation falls to 3.1% in October

Egypt’s annual urban consumer price inflation falls to 3.1% in October

Egypt’s annual urban consumer price inflation fell to 3.1% in October, from 4.8% in September, the country’s official statistics agency CAPMAS said on Saturday, opening the way for further interest rate cuts by the central bank. Egypt is approaching the end of an IMF-backed economic reform programme after its annual inflation rate rose to 33%...

Continue reading