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Inflation dips due to decrease in prices of meat، poultry، vegetables: CBE

Thursday 11/January/2018 - 05:02 PM
Sada El Balad
Ahmed Moamar
The Central Bank of Egypt (CBE) authored a report says that inflation has dipped due to decrease in prices of meat، poultry and vegetables for the seventh month in a row.
The report revealed that the annual and basic percentage of inflation in December was 21.9% and 19.9 % respectively.
These levels were compared with 26% and 25.5% in November 2017. 
The report pointed out that reduction of inflation rates linked to economic reforms and strict fiscal procedures over the two last years.
The CBE affirmed that inflationary effects of floating the pound against the foreign currencies was diminished significantly.
This changes reflect positively on prices of basic foodstuffs and costs of services like pilgrimage. 

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