April 26, 2017 / 9:12 AM / 4 months ago

Egypt inflation to reach 21.6 pct by end-June, says PM

CAIRO, April 26 (Reuters) - Egypt's inflation is expected to reach 21.6 percent by the end of the financial year to June, Prime Minister Sherif Ismail said at a conference on Wednesday.

Egypt's annual inflation rate soared for five consecutive months to reach 30.9 percent in March after the central bank floated the pound currency on Nov. 3 (Reporting by Mohamed el Sherif; writing by Asma Alsharif; editing by John Stonestreet)

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