Inflation & Prices
Egyptian Inflation Little Changed With More Rate Cuts on Horizon
Food and beverage prices, the largest single component of the inflation basket, climbed 6% year-on-year, compared with 6.6% in March.
Photographer: Islam Safwat/BloombergThis article is for subscribers only.
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Egyptian inflation slightly accelerated for a second month, an anticipated quickening driven by a cut in fuel subsidies that’s unlikely to put the brakes on a long-awaited monetary-easing cycle.