Inflation in urban parts of Egypt accelerated to its fastest pace in four months, an expected uptick that could make real-interest rates and Covid-19 the key factors when the central bank meets this week.
Consumer prices rose 4.5% in October, up from 3.7% the month before, as education expenses eclipsed a fall in food costs, the state statistics agency CAPMAS said Tuesday. Month-on-month inflation reached 1.8%, its quickest pace since July 2019.
