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Food Prices Drop Again in Egypt as Virus Hits Incomes

  • Annual inflation accelerated to 5.6% in June, CAPMAS says
  • Government has revised growth projections due to virus fallout
A vendor sells fruit at a market in Cairo.

A vendor sells fruit at a market in Cairo.

Photographer: Mohamed El-Shahed/AFP via Getty Images

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Egypt’s food prices declined for the second straight month, as the coronavirus pandemic stunted purchasing power and hit employment.