Egypt’s annual urban consumer price inflation jumps to 10.3 pct in April
A shopkeeper checks his supplies of dates at a market , in Cairo, file. REUTERS/Amr Abdallah Dalsh
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Egypt’s annual urban consumer price inflation jumped to 10.3 percent in April from 9 percent in March, the official statistics agency CAPMAS said on Tuesday.

It was the first time since December that inflation has accelerated. The central bank devalued the pound in March by around 13 percent, and then hiked interest rates by 150 basis points at its MPC meeting on March 17 to curb inflationary pressures.

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