Cairo – Mubasher: Egypt’s inflation rate is expected to decline sharply by the end of 2017, as it dropped last August, according to a research issued by Capital Economics on Monday.
Interest rates are likely to decrease over the coming period due to declining inflation rates, the research firm added.
The Central Bank of Egypt (CBE) stated that Egypt’s annual core inflation rate tumbled to 34.86% in August 2017, compared to 35.26% in July 2017.
The Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday said that Egypt’s annual inflation rate dropped to 33.2% year-on-year in August 2017 from 34.2% in July.
