Cairo – Mubasher: Egypt’s annual headline inflation stood at 30.9% in June, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Monday in a statement.
However, the country’s consumer price index (CPI) fell 0.8% month-on-month in June.
The annual headline inflation declined in May to 30.9% year-on-year.
Last Thursday, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) had decided to raise interest rates by 200 basis points for the second time this year.
The overnight deposit rate was raised to 18.75%, while the lending rate was increased to 19.75%.
