Egypt’s June Inflation Slows as Food Price Increases Ease
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Egypt’s inflation rate declined in June as food prices, one of the causes of the unrest that toppled President Hosni Mubarak, rose at a slower pace.
The inflation rate in urban parts of Egypt, the gauge that the central bank monitors, fell to 11.8 percent from 11.9 percent in May, the Central Agency for Public Mobilization and Statistics said on its website today. Food and beverage prices, the biggest component in the consumer price index, rose 19 percent, compared with 19.8 percent a month earlier.