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Edmund Bower & Pramod Kumar

Edmund Bower & Pramod Kumar
A woman buys cooking oil at a market in downtown Cairo. Falling food prices contributed to the drop in inflation in Egypt

Egypt inflation drops below 30% for first time in 15 months

Egypt’s inflation rate dropped below 30 percent in May for the first time in 15 months, slowing at a faster rate than most had predicted. Urban consumer price inflation was 28.1 percent year on year for May, a drop from 32.5 percent in April, the Central Agency for Public Mobilisation and Statistics announced on Monday. […]