Inflation in Egypt drop to 23.0% in January, aided by a favourable base effect, as indicated by a poll published on Thursday.
The median estimate from 17 analysts suggested that annual urban consumer inflation would decrease from 24.1% in December to 23.0%.
The survey was conducted between February 3 and 6.
According to Heba Monir of HC Securities, urban inflation is projected to drop to 22.8% year-on-year in January, aided by the base year effect and the consistent prices of food and pharmaceuticals, despite the ups and downs in building material prices.
After…
