Egypt's Inflation Drops to 13.9%, Lowest Level in 7 Months
Egypt's urban annual inflation slowed for the second consecutive month to 13.9% in September from 14.5% in August, reaching its lowest level since February.
Egypt's urban annual inflation slowed for the second consecutive month to 13.9% in September from 14.5% in August, reaching its lowest level since February.
On a monthly basis, the consumer price index rose by 1.3%, marking the fastest pace in four months.
Food and beverage price inflation accelerated to 7.2% from 6.3%, according to data from the Central Agency for Public Mobilization and Statistics.
Housing and utilities inflation slowed sharply to 35.2% from 42.8%.
What do these terms mean?
Annual inflation: The percentage increase in prices compared to the same period last year.
Consumer Price Index: A measure of price changes for a basket of goods and services used to gauge inflation.
Monthly basis: A comparison of prices to the previous month, used to measure the short-term pace of change.
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