Egypt inflation remains at 10.7%

11 August 2010

According to Egypt's Central Agency for Public Mobilisation and Statistics, inflation in the country has remained unchanged in July at 10.7%, Bloomberg has reported. Prices rose 2.3% in the month, the most since August 2008, because of high food and tobacco costs, the agency said. Core inflation, which excludes the costs of fruits and vegetables as well as regulated prices, increased to 7.08% in July from 6.7% the previous month, the central bank revealed.

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