August 8, 2019 / 5:55 AM / a month ago

Egypt's inflation slows to 8.7% in July from 9.4% in June -CAPMAS

CAIRO, Aug 8 (Reuters) - Egypt’s annual urban consumer price inflation decreased to 8.7% in July from 9.4% in June, official statistics agency CAPMAS said on Thursday.

Egypt is approaching the end of an IMF-backed economic reform programme that saw inflation rise to a high of 33% in 2017. The country hiked domestic fuel prices in July as part of the terms of the agreement. (Reporting by Nadine Awadalla; Editing by Simon Cameron-Moore)

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