Egypt Inflation Rises for First Time in Months on Fuel Hike
Tue, Sep 10, 2024 2:01 PM

Egypt Inflation Rises for First Time in Months on Fuel Hike

A Flip by Shubhangi Gupta
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Egypt’s inflation quickened after a reduction in fuel subsidies, disrupting a five-month streak of deceleration that was paving the way for the first interest-rate cut since 2020. Annual consumer prices in urban parts of the North African country rose 26.2% in August compared with 25.7% in July, state statistics agency CAPMAS said Tuesday.

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