Home NewsEgypt News Urban Consumer Inflation Drops To 7.9% In August -CAPMAS

Urban Consumer Inflation Drops To 7.9% In August -CAPMAS

by Amwal Al Ghad English

Egypt’s annual urban consumer inflation slowed to 7.9 percent in August from 8.4 percent in July, the official statistics agency CAPMAS said on Thursday.

Inflation soared in Egypt after the government slashed energy subsidies in July 2014.

Source: Reuters

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