Egypt’s inflation expected to slow in January as food prices fall

Egypt’s headline inflation could slow to 11.7% in January from ‍12.3% in December, analysts polled by Reuters predicted.

The experts cited cooling food prices and transport prices.

Annual inflation has fallen from from a record high of 38% in September 2023, thanks in part to an $8 billion financial support package signed with the IMF in March 2024.

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