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#central bank of egypt

Egypt's inflation rate decelerated to its slowest pace in a year and a half, despite significant currency devaluation and a historic increase in subsidized bread prices, according to a press release by the country’s central bank (CBE). The country’s core inflation rate – which measures consumer prices in several essential goods and services – reached 27.1 percent in May, compared to 31.8 percent in April. “Monthly urban headline CPI inflation recorded negative 0.7 percent in May 2024 compared with 2.7…