Annual urban consumer price inflation jumps to 23.3 pct in December

Egypt’s annual urban consumer price inflation jumped for a second month in December to 23.3 percent from 19.4 percent in November, the official CAPMAS statistics agency said on Tuesday.

Egypt abandoned its currency peg to the U.S. dollar on Nov.3 in a dramatic move that has since seen the currency depreciate roughly by half.

Source: Reuters