Today news
About the same in other media
Egypt's headline inflation eases to 35.8% in October
Reading now: 751
CAIRO (Reuters) — Egypt's annual urban consumer price inflation rate dropped to 35.8% in October from a record high of 38.0% in September, data from the country's statistics agency CAPMAS showed on Saturday, coming in lower than analysts had expected.
The median forecast of 19 analysts polled by Reuters had shown inflation slipping to 37.1%.
Month on month, price rises slowed to 1.0% in October from 2.0% in September.
Inflation had accelerated every month since June, when it reached 35.7%, topping the previous high of 32.95% in July 2017.
Food and beverage prices rose by 1.5% month-on-month and an annual 71.3%, CAPMAS said.
Read more on investing.comAbout this in other media
Egypt's EGX30 hits record high as Misr Hotels leads gains investing.com /6 months ago
Second IAF aircraft carrying emergency aid for Gaza departs for Egypt's El-Arish airport economictimes.indiatimes.com /6 months ago
Your Money | Rate hikes over with inflation easing financialexpress.com /6 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
