Cairo – Mubasher: Egypt’s annual inflation eased to 11.5% year-on-year in May 2018 from 30.9%.
The consumer price index (CPI) edged up 0.3% month-on-month, recording 274.7 points last month, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Sunday.
It is worth noting that annual inflation had recorded 12.9% in April 2018.
The London-based economic research consultancy Capital Economics had previously forecast that Egypt’s inflation rate would slash to 8% in 2019.
