Egyptian city inflation dips to 14.5%

The annual inflation rate in Egyptian cities decreased to 14.5% in August, down from 14.9% in July, according to the Central Agency for Public Mobilization and Statistics. While forecasts had predicted it would accelerate to 15.5% during the same period, based on analysts’ surveys, inflation was affected by rising electricity prices and base year effects. Core inflation increased to an average of 14.7%, with interest rates remaining unchanged by the Central Bank, reflecting the government’s efforts to control inflation and stabilize prices.

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