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Is Egypt’s inflation fight turning? Core pressures linger

Busy street in Alexandria, Egypt. Photo by Muhammed Fatih Beki @Pexel.
Busy street in Alexandria, Egypt. Photo by Muhammed Fatih Beki @Pexel.
  • Urban inflation eased to 14.5% as food prices fell.
  • Core inflation rose, keeping pressure on monetary policy.

 

CAIRO, EGYPT – Egypt’s headline inflation eased in August as falling food prices offset rising housing and utility costs, offering cautious relief after months of stubborn price pressures.

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