Egypt's inflation slows to 8.7% in July from 9.4% in June -CAPMAS
- Country:
- Egypt Arab Rep
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.
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