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.](/sites/default/files/styles/article_hero_medium/public/2022-07/GettyImages-1230915451.jpg?h=a5ae579a&itok=k_j_NLM6)
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.