February 8, 2018 / 1:10 PM / 5 months ago

Egypt's core inflation falls to 14.35 pct yr/yr in Jan -central bank

CAIRO, Feb 8 (Reuters) - Egypt’s core inflation fell to 14.35 percent year-on-year in January from 19.86 percent in December, the central bank said on Thursday.

Inflation jumped after Egypt devalued its currency in November 2016. It reached a record high in July on the back of energy subsidy cuts but has gradually eased since then. (Reporting by Arwa Gaballa; Editing by Matthew Mpoke Bigg)

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