15.2% inflation drop within FY2017/18 expected in Egypt

Egypt expects to see inflation fall to an average of 15.2 percent during the financial year 2017/2018, deputy finance minister Ahmed Kouchouk said on Thursday.

Egypt’s inflation rate has soared since it floated its currency last November, with annual urban consumer price inflation hitting 30.2 percent in February, its highest level in more than three decades.

Source: Reuters