Egypt’s annual urban consumer price inflation slowed further in April to 32.5 percent on a year-on-year basis, down from 33.3 percent in March, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS) released on Thursday. Prices for bread, oils, meat, and poultry declined on an annual basis, according to the data. On a monthly basis, consumer price growth accelerated to 1.1 percent last month from one percent in March. CAPMAS attributed the rise in inflation figures on a monthly basis to an 8.6 percent increase in the prices of alcoholic beverages and tobacco and a 5.5 percent increase in clothing. In an effort to alleviate the burden on middle-and low-incom
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