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Egypt sees decline in urban consumer price inflation
(MENAFN) Egypt was struck with a decline in its yearly urban consumer price inflation by the end of last year, standing at 12.0 percent.
Official statistics agency CAPMAS unveiled the figure in its report, comparing December's inflation to the 15.7 percent recorded in November.
Egyptian inflation eased in a steady way in the past months following hikes in fuel, electricity and transportation prices.
The hikes caused for the rate to see a boost by 17.7 percent in October 2018.
It comes as the country executed various strong measures aimed at fulfilling the terms of a loan program signed with the IMF at a value of USD12 billion.
Official statistics agency CAPMAS unveiled the figure in its report, comparing December's inflation to the 15.7 percent recorded in November.
Egyptian inflation eased in a steady way in the past months following hikes in fuel, electricity and transportation prices.
The hikes caused for the rate to see a boost by 17.7 percent in October 2018.
It comes as the country executed various strong measures aimed at fulfilling the terms of a loan program signed with the IMF at a value of USD12 billion.
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