Monthly inflation rate down by 1% in June: CAPMAS

CAIRO, July 10 (MENA) - The monthly inflation rate decreased in June by 1% in comparison to May, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday.

The annual-based inflation rate went down last month recording 8.9% in comparison to the same month in 2018 as it recorded 13.8%, CAPMAS reported.

CAPMAS said that the monthly rate decreased due to the decrease in prices of food by 2.3% last month in comparison to the previous month.