- Annual inflation eased to 24% in January, continuing a three-month decline
- Analysts expect the Central Bank of Egypt to maintain rates at a record 27.25%
Egypt’s inflation rate slowed for the third consecutive month in January, dropping to 24% from 25.8% in December, according to data released by the country’s statistics office. The decline was largely driven by a sharp -9.06% drop in fruit and vegetable prices, offering a potential signal for the Central Bank of Egypt (CBE) to begin easing its record-high interest rates.
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