Egypt's Inflation Rate Slows in October After Months of Acceleration
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Egypt's annual urban consumer price inflation rate dropped to 35.8% in October from 38.0% in September.
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Inflation had been accelerating every month since June, when it reached 35.7%, topping the previous high of 32.95% in July 2017.
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Food and beverage prices rose by 1.5% month-on-month and an annual 71.3% in October.
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The median forecast of 19 analysts had predicted inflation would slip to 37.1% in October.
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Month on month, price rises slowed to 1.0% in October from 2.0% in September.