May 9, 2019 / 6:34 AM / 13 days ago

Egypt headline inflation drops to 13.0 pct in April -CAPMAS

CAIRO, May 9 (Reuters) - Egypt’s annual urban consumer price inflation eased to 13.0 percent in April from 14.2 percent in March, official statistics agency CAPMAS said on Thursday.

Egypt has been carrying out an IMF-backed economic reform programme since 2016 which saw inflation rise to a high of 33 percent the following year.

It has since subsided, though rising prices for fruit and vegetables have prolonged inflationary pressures. (Reporting by Aidan Lewis)

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