Egypt's inflation seen declining for fourth month in June
CAIRO - Inflation in Egypt is forecast to have extended a slowdown for a fourth month in June, maintaining a downward trajectory that most analysts expect to last for the rest of the year at least, a Reuters poll showed on Monday.
Inflation had been slowing from September's record high of 38.0%, but in February unexpectedly jumped again to 35.7%. "Increased prices of subsidised bread should bring inflation to a higher plateau for the remainder of the year," the bank said. A median of nine of the analysts predicted that core inflation, which strips out volatile items such as fuel and some types of food, would decline to 26.7% from 27.1% in May.
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