Egypt inflation falls 13.0% in April – CAPMAS

Egypt’s annual urban consumer price inflation eased to 13.0 percent in April from 14.2 percent in March, official statistics agency CAPMAS said on Thursday.

Egypt has been carrying out an IMF-backed economic reform programme since 2016 which saw inflation rise to a high of 33 percent the following year.

It has since subsided, though rising prices for fruit and vegetables have prolonged inflationary pressures.

Source: Reuters