Egypt’s August Inflation Slows as Food-Price Increases Ease
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Egypt’s inflation rate declined in August as food prices, one of the causes of the unrest that toppled President Hosni Mubarak, rose at a slower pace.
The annual inflation rate in urban parts of Egypt, the gauge that the central bank monitors, fell to 8.5 percent from 10.4 percent in July, according to data posted on the website of the Central Agency for Public Mobilization and Statistics today.