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Core inflation falls to 8.54% in July

Thu, August 09, 2018 21:03

CAIRO, August 9, 2018 - Egypt’s core inflation rate fell to 8.54 per cent year-on-year in July from 10.9 per cent in June, the central bank said Thursday.

 Inflation jumped after Egypt devalued its currency in November 2016. It reached a record high in July 2017 on the back of energy subsidy cuts but has gradually eased since then.

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