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Egypt's headline inflation rate falls to 7.5% in August from 8.7% in July -CAPMAS

Credit: REUTERS/MOHAMED ABD EL GHANY

Egypt's annual urban consumer price inflation rate decreased to 7.5% in August from 8.7% in July, the official statistics agency CAMPAS said on Tuesday.

CAIRO, Sept 10 (Reuters) - Egypt's annual urban consumer price inflation rate decreased to 7.5% in August from 8.7% in July, the official statistics agency CAMPAS said on Tuesday.

Egypt is approaching the end of an IMF-backed economic reform programme that during 2017 saw the annual inflation rate rise to 33%. The country hiked domestic fuel prices in July as part of the terms of the agreement.

(Reporting by Nadine Awadalla; Editing by Richard Borsuk)

((Nadine.Awadalla@thomsonreuters.com;))

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