Egyptian Inflation Cools for a Second Month as Rate Cuts Weighed

Egypt inflation slowed for a second month, potentially giving the North African nation scope to resume a monetary-easing cycle.

Consumer prices in urban areas grew an annual 13.9% in July versus 14.9% the month before, Egypt’s main statistics body said Sunday. On a monthly basis, there was deflation of 0.5%, versus a 0.1% contraction in June.