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FINANCIAL NEWS
Egypt’s annual inflation rate posts 24.3pct in Dec
11 Jan 2017
(MENAFN) The annual inflation rate increased to reach 24.3 percent in Dec, compared to 20.2 percent in November.Accordingly, the increase was attributed to the inflation rate to price hikes in the food and beverage sector, as they posted an increase of 29.3 percent.Moreover, commercial goods for tobacco and related products increased by 25.6 percent, housing, water, elect, gas and fuel services by 8.3 percent.Additionally, the high annual headline inflation will linger for many years, dropping to the single digit level by the end of 2019 and early 2020.M
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