Egypt’s annual urban consumer price inflation falls to 17.1 pct in Jan: CAPMAS

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CAIRO (Reuters) – Egypt’s annual urban consumer price inflation fell to 17.1 percent in January from 21.9 percent in December, the official statistics agency CAPMAS said on Thursday.

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Inflation has climbed since Egypt floated the pound currency in November 2016, reaching a record high in July on the back of energy subsidy cuts. It has gradually eased since July.

Reporting by Arwa Gaballa; Editing by Subhranshu Sahu

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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