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Egypt urban consumer inflation falls to 11 pct in April: CAPMAS

Reuters , Sunday 10 May 2015

CAPMAS
The official statistics agency CAPMAS (Photo: Al-Ahram)

Egypt's urban consumer inflation fell to 11 percent in April from 11.5 percent in March, the official statistics agency CAPMAS said on Sunday.

Inflation spiked in Egypt after the government slashed energy subsidies in July 2014. It peaked at 11.8 percent in October.

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