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Egypt’s monthly inflation falls for first time in 2022

The Central Bank of Egypt declined to raise interest rates again last month. Annual inflation is still up from last year.
Workers sort oranges at the MAFA farms pack house on January 31, 2021 in Cairo, Egypt.

Monthly inflation in Egypt finally fell last month, albeit slightly. 

The monthly inflation rate was 13.2% in June, down 0.03% from May. This was the first decrease in the monthly inflation rate in seven months, the state-owned news outlet Al-Ahram reported Thursday. 

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