Home Business & Finance Egypt Headline Inflation Quickens for the First Time Since March
Business & Finance

Egypt Headline Inflation Quickens for the First Time Since March

Key Points

Egypt Headline Inflation Quickens for the First Time Since March Egypt’s inflation rate accelerated for the first time since March, disrupting an easing streak that had lasted for much of the ongoing US-Iran war. Consumer prices in urban areas increased an annual 14.9% in July versus 14.3% the month before, according to state statistics agency CAPMAS. On a monthly basis, prices were unchanged after a 0.4% fall in June.

Egypt Headline Inflation Quickens for the First Time Since March Egypt’s inflation rate accelerated for the first time since March, disrupting an easing streak that had lasted for much of the ongoing US-Iran war. Consumer prices in urban areas increased an annual 14.9% in July versus 14.3% the month before, according to state statistics agency CAPMAS. On a monthly basis, prices were unchanged after a 0.4% fall in June.
Egypt (LOCATION) US (LOCATION) Iran (LOCATION) CAPMAS (ORG)
Originally published by Bloomberg Markets Read original →