Annual urban consumer price inflation fell to 13.6% in Oct- Egypt’s CAPMAS

Egypt’s annual urban consumer price inflation eased to 13.6 percent in October from 14.1 percent in September, the official statistics agency CAPMAS said on Thursday.

Egypt’s urban consumer price inflation had jumped in August, raising concerns about an upward trend in prices.

The central bank floated the pound on Thursday and raised interest rates by three percent.

Source: Reuters