October 10, 2019 / 7:10 AM / 9 days ago

Egypt's annual urban consumer inflation decreased to 4.8% in Sept from 7.5% in Aug -CAPMAS

CAIRO, Oct 10 (Reuters) - Egypt’s annual urban consumer price inflation decreased to 4.8% in September from 7.5% in August, the official statistics agency CAMPAS said on Thursday.

Egypt is approaching the end of an IMF-backed economic reform programme that during 2017 saw the annual inflation rate rise to 33%. The country hiked domestic fuel prices in July as part of the terms of the agreement. (Reporting by Ulf Laessing)

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