Egypt's annual inflation rate falls to 31.6% in September

CAIRO - 10 October 2017: Egypt’s annual urban consumer price inflation eased slightly in September to 31.6 percent from 31.9 percent in August, the official CAPMAS statistics agency said on Tuesday.

Inflation soared to a record high in July on the back of fuel and energy subsidy cuts by the government.

Import-dependant Egypt abandoned its currency peg to the U.S. dollar last November and the currency has depreciated roughly by half since then.