Inflation & Prices
Egypt Inflation Hits Two-Year Low, Easing Path to Rate Cut
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Egyptian inflation slowed to its lowest level in two years, easing the path for the North African nation’s first interest-rate cut since 2020.
Annual consumer prices in urban areas rose 24.1% in December versus 25.5% the month before, the state statistics agency CAPMAS said Thursday, marking a second consecutive month of slowing. It was its lowest since December 2022, according to data compiled by Bloomberg. The monthly inflation rate eased to 0.2% from 0.5% in November.