Egypt Inflation Rate Down to 12-Month Low
Egyptian annual inflation rate slowed for the second straight month to 8.24 percent in May of 2014 from 8.87 percent in the previous month.
It is the lowest rate since May of 2013, when the inflation was recorded at 8.2 percent.
Annual core inflation, which strips out cost of subsidized goods and volatile prices slowed to 8.86 percent in May from 9.11 percent in April.
On a monthly basis, consumer prices fell for the first time in five months by 0.76 percent, following a 0.6 percent increase in April.
6/10/2014 12:42:45 PM