Egypt inflation: Pressure persists despite sharp fall, say experts
ZAWYA -

Egypt's inflation is likely to persist over coming months despite the sharp fall seen in March, experts said. Annual urban consumer price inflation rate slowed to 33.3% in March compared with 35.7% in February despite a devaluation of the local pound last month, Egypt government data showed on Monday. The price rise was unexpectedly lower than LSEG's consensus estimate of 36.6%, Experts advise caution as they feel the factors driving inflation upward persist within the system and price pressures...

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