Egypt's annual urban consumer price inflation falls to 26 pct in Nov: CAPMAS

Reuters , Sunday 10 Dec 2017

Egypt
File Photo: Egyptians vendor at a vegetable market in Cairo. (Photo: Reuters)

Egypt's annual urban consumer price inflation fell to 26 percent in November from 30.8 percent in October, the official statistics agency CAPMAS said on Sunday.

Inflation shot up in Egypt after the country floated the pound currency in November last year, reaching a record high in July on the back of energy subsidy cuts.

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