Egypt's Inflation Rate Drops to 34.6%, Slowest Pace Since May
• Egypt's annual urban consumer price inflation dropped to 34.6% in November from 35.8% in October • The November inflation figure was slightly lower than expected and was the lowest since May • Food prices rose 0.2% month-on-month but were up 64.5% year on year • Core inflation, excluding fuel and some foods, fell to 35.9% from 38.1% in October • The drop in inflation was mainly driven by a slowdown in the rate of food price increases