food prices
Egypt’s urban consumer price inflation (CPI) dropped to 33.7 percent in December from November’s 34.6 percent, while prices climbed 1.4 percent month-on-month in December compared to a rise of 1.3 percent the month prior
In a meeting with the governors, Madbouly noted that the goods that will be seized from the merchants who exploit citizens will be sold at the fair prices that had been agreed upon earlier.
Egypt's inflation is expected to decelerate starting in the 4th quarter of the current fiscal year 2016/2017 (which ends June 30), despite a recent depreciation in the pound against the dollar.
Egypt's annual urban consumer inflation jumped to 30.2 percent in February from 28.1 percent in January, the highest in 30 years.
