Egypt inflation keeps slowing

Egypt inflation keeps slowing

Egyptian inflation slowed in April for a second month, as greater availability of foreign exchange after a recent currency flotation appeared to ease some price pressures for the Middle East’s largest population. Egypt's annual urban consumer price inflation rate decreased to 32.5% in April from 33.3% in March, slowing slightly more than analysts had expected data from the country's statistics agency CAPMAS showed on Thursday.

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