Inflation & Prices
Egypt’s Inflation Quickens Even Before Devaluation Registers
Egypt’s inflation rate quickened to 16.2% on an annual basis last month.
Photographer: Chedly Ben Ibrahim/BloombergThis article is for subscribers only.
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Egyptian urban inflation accelerated for a fourth month on soaring food costs, and looks set for further rises in 2022 when the impact from the recent dramatic devaluation of the pound filters through.