The annual urban inflation rate in Egypt climbed for a sixth straight month to 13.5% in May of 2022 from 13.1% in the previous month but below market expectations of 14.2%. This was the highest inflation rate since May 2019, sending inflation above the upper limit of the central bank’s 5-9% target range for the third straight month, as a result of the global food crisis due to the war in …
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