Egypt Consumer Inflation Falls To 9.1 % In November

Big 5

Egypt’s annual urban consumer inflation fell to 9.1 percent in November from 11.8 percent in October, the official statistics agency CAPMAS said on Wednesday.

Inflation rose this summer after the government slashed subsidies, raising fuel prices by up to 78 percent.

Annual inflation reached its highest in nearly four years a year earlier, then began falling until the fuel price hikes in July.

Source: Reuters

 

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