Development News Edition
Give Feedback

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

Reuters Last Updated at 09-08-2018 16:24:15 IST 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.)

Egypt Arab Rep.

add banner


Download our Android App on Google Play