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Egypt's core inflation falls to 8.54 pct in July -central bank

Reuters 09 Aug 2018, 10:49 AM Egypt Arab Rep.

Egypt's core inflation rate fell to 8.54 percent year-on-year in July from 10.9 percent in June, the central bank said on Thursday.

Inflation jumped after Egypt devalued its currency in November 2016. It reached a record high in July 2017 on the back of energy subsidy cuts but has gradually eased since then. 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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