March 8, 2018 / 3:08 PM / 7 months ago

Egypt's core inflation falls to 11.88 pct yr/yr in Feb -central bank

CAIRO, March 8 (Reuters) - Egypt’s core inflation fell to 11.88 percent year-on-year in February from 14.35 percent in January, 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 John Stonestreet)

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