Slight Improvement in Inflation as Annual Rate Declines to 13.9% Egypt’s urban inflation rate fell to 13.9% in July, down ...

Inflation on a monthly basis inched down in July by 0.5 per cent compared with June, as meat and poultry prices were down by ...

Egypt's inflation rates have eased for the second consecutive month, with the annual headline inflation slowing to 13.1 ...

Egypt's annual urban consumer price inflation dropped to 13.9% in July from 14.9% in June, data from statistics agency CAPMAS ...

Meanwhile, the monthly inflation rate fell by 0.6% in July, with the consumer price index (CPI) standing at 256.5 points ...

Egypt’s annual inflation rate eased to 13.1% in July, marking the second month of decline as food prices fell and key sectors ...

In July, Egypt's annual urban consumer price inflation decreased to 13.9% from 14.9% in June, as reported by statistics ...

Falling inflation led the Central Bank of Egypt to cut its overnight lending rate by 225 basis points to 26.0% at its April 17 meeting, and by another 100 basis points on May 22.

On a monthly basis, there was deflation of 0.1%, versus inflation of 1.9% in May. Egypt slashed rates in April and May by a total of 325 basis points, bringing its key rate down to 24%.

Those tariffs, and rising inflation, could prompt the Federal Reserve to lower interest rates. The "core" inflation rate, which excludes food and energy prices, was 2.9% in the 12 months through June.