Inflation in Egypt decreases to 12.2% in June

Annual inflation rates in Egypt declined to 12.2% in June, down from 13% in May, with food prices such as vegetables decreasing by 12.1% and meats and poultry by 6.4%. Despite this, some items like housing and transportation continued to exert inflationary pressure, rising by 31.2% and 21.1%, respectively. The annual inflation rate remains above the Central Bank's target range of 5-9%. The Central Bank of Egypt has decided to keep interest rates unchanged at their current levels despite the slowdown in inflation.

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