Egypt’s cost-of-living soars

CAIRO — Annual consumer price inflation in Egypt›s cities soared to a second straight eight-year high in December, hitting 23.3 percent on the back of the government›s decision to float the pound, effectively halving its value. Core inflation also jumped to 25.86 percent in the urban areas, the official CAPMAS statistics agency said on Tuesday.

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6 Published By - - 2017.01.11. 21:01
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