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Egypt Inflation Quickens for 6th Month on Food, Devaluation

Egypt’s consumer prices climbed 13.5% year-on-year in May.

Egypt’s consumer prices climbed 13.5% year-on-year in May.

Photographer: Islam Safwat/Bloomberg
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Inflation in urban parts of Egypt accelerated for a sixth straight month on the back of soaring global commodities prices and a recent currency devaluation.