Egypt's annual urban consumer price inflation rate drops to 15.7 pct in Nov: CAPMAS
- Country:
- Egypt Arab Rep.
Egypt's annual urban consumer price inflation rate decreased to 15.7 per cent in November from 17.7 per cent in October, the official statistics agency CAPMAS said on Monday.
Egypt raised fuel, electricity and transportation prices earlier this year to help meet the terms of a $12 billion IMF loan programme it signed in late 2016, pushing inflation up steadily on the back of rising food prices.
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