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Egypt's annual urban consumer price inflation falls in Nov

| Updated: December 11, 2017 22:30:28


Egypt's annual urban consumer price inflation falls in Nov

Egypt’s annual urban consumer price inflation fell to 26 per cent in November from 30.8 per cent in October, the official statistics agency CAPMAS said on Sunday.

Inflation shot up in Egypt after the country floated the pound currency in November last year, reaching a record high in July on the back of energy subsidy cuts, reports Reuters.

 

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