Pricey Egypt
Egypt’s inflation picks up after $57 billion international bailout
The most recent CPI is scaling back expectations that Egypt’s central bank would cut the benchmark interest rate from its all-time high of 27.25%
View of Cairo and the Nile (Getty Images)
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Egypt’s inflation is picking up again after slowing for five months amid the $57 billion international bailout led by the International Monetary Fund and the UAE.
The consumer price index rose 2.1% in August, indicating the fastest inflation rate since...