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Egypt inflation eases to 11.39% in June – C.bank

Egypt inflation eases to 11.39% in June – C.bank
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: Egypt’s annual inflation rate fell in June to 11.39%, compared with 13.11% in May, announced the Central Bank of Egypt.

In a statement issued on Friday, the bank added that core inflation declined in June to 0.61%, compared with 0.65% in May. Core inflation remained unchanged year-on-year at 8.07%.