Egypt’s annual urban consumer inflation rose to 14.2 percent

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By: Middle East Affairs

On Monday, Statistics agency CAPMAS said: “Egypt’s annual urban consumer inflation rose to 14.2 percent in August from 13.5 percent in July.”

On the other hand, Inflation surged in 2017 on the back of economic reforms tied to a $12 billion International Monetary Fund loan programme Egypt signed in late 2016 that includes deep cuts to energy subsidies and tax hikes.

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