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Egypt's annual headline inflation falls to 5.1% in March - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Egypt’s annual urban consumer inflation fell to 5.1% in March from 5.3% in February, the official statistics agency CAPMAS said on Thursday SABCNews

fell to 5.1% in March from 5.3% in February, the official statistics agency CAPMAS said on Thursday.

“The numbers were expected … the rise was in the monthly prices, but on the annual basis, there was a decline in prices,” said Radwa El-Swaify, head of research at Pharos Securities Brokerage.… The numbers are still less than the Central Bank’s target, which will lead it to keep the interest rate unchanged in the coming period,” El-Swaify added.

 

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