Egypt’s Inflation Rate Declines Offering Brief Respite

• Egypt’s annual urban consumer price inflation drops to 29.8% in January.
• Inflation Drops, Yet Economic Uncertainty Lingers Over Currency Stability.

Egypt’s annual urban consumer price inflation witnessed a decline to 29.8% inJanuary from 33.7% in December, coming in below the expectations ofanalysts, as reported by the state statistics agency.