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Egypt's inflation slows to 8.7% in July from 9.4% in June -CAPMAS


Reuters Cairo
Updated: 08-08-2019 11:24 IST
Egypt's inflation slows to 8.7% in July from 9.4% in June -CAPMAS

Image Credit: Pixabay

Egypt's annual urban consumer price inflation decreased to 8.7% in July from 9.4% in June, official statistics agency CAPMAS said on Thursday.

Egypt is approaching the end of an IMF-backed economic reform programme that saw inflation rise to a high of 33% in 2017. The country hiked domestic fuel prices in July as part of the terms of the agreement.

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

READ MORE ON : CAPMAS Egypt IMF
COUNTRY : Egypt Arab Rep