Egypt’s consumer inflation eases for second month

11 Nov 2016

(MENAFN) Egypt’s consumer price inflation eased for the second month in Oct, while core inflation jumped.However, October’s decline was the second since inflation figures hit a near eight-year high of 15.5 percent in August.On the other hand, prices have been growing in the country as it embarks on economic reforms and aims to issue USD12bn IMF loan program.Moreover, core inflation, which strips out the price of volatile items like fruit and vegetables, rose from 13.93 to 15.72 percent.

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