Egypt’s Inflation Slows to 18-Month Low ...Egypt

Egypt’s inflation rate decelerated to its slowest pace in a year and a half, despite significant currency devaluation and a historic increase in subsidized bread prices, according to a press release by the country’s central bank (CBE). The country’s core inflation rate – which measures consumer prices in several essential goods and services – reached 27.1 percent in May, compared to 31.8 percent in April. “Monthly urban headline CPI inflation recorded negative 0.7 percent in May 2024 compared with 2.7 percent [in April],” the CBE highlighted that is the lowest inflation rate since June 2019. Food and beverage prices, the largest component of the basket of goods and services used to calculate

Hence then, the article about egypt s inflation slows to 18 month low was published today ( Tuesday 11/06/2024 - 12:36 PM ) and is available on Egyptian Streets ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt’s Inflation Slows to 18-Month Low )

Also on site :

• Die Phygital Contenders Astana 2026 gehen mit neuen Champions zu Ende - Qualifikationsrunden für die Games of the Future 2026 bestätigt
• Persistent annonce un partenariat avec les San Francisco Unicorns en tant que partenaire officiel de l'initiative Re(AI)magining™
• Football upstages politics as Iranians rally behind their team at World Cup