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Egypt’s annual urban consumer price inflation increased to 31.9 percent in February compared to 25.8 percent in January, recording its highest in five and a half years, data from statistics agency CAPMAS showed on Thursday.
The inflation follows a currency devaluation by nearly 50 percent in March 2022, a shortage of foreign currency and continuing delays in getting imports into the country.
The figures increased more than it was expected a reading of 26.7 percent, according to the median forecast in a Reuters poll of 14.
