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Egypt’s headline inflation dips to 34.6% in November

Annual inflation was slightly lower than predicted by analysts. The median forecast of 18 analysts polled had expected a reading of 34.8%.

Month-on-month, prices rose by 1.3% in November, up from 1.0% in October. Food prices rose by 0.2% but surged 64.5 year on year.

Annual inflation had been working its way upwards for two years, hitting a record high of 38.0% in September. The November figure was the lowest since May.


Source: Economy - investing.com

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