00:00Egypt's headline inflation could slow to 11.7% in January from 12.3% in December, analysts polled by Rooters predicted.
00:12The experts cited cooling food prices and transport costs.
00:17Annual inflation has fallen from a record high of 38% in September 2023,
00:23thanks in part to an $8 billion financial support package signed with IMF in March of 2024.
00:30Slowing inflation prompted the central bank to cut its overnight lending rate by 100 basis points in December,
00:38but some analysts fear that increased money supply could send prices soaring again.
00:44Egypt's economy has been set back by inflation, debt and currency shortages in recent years
00:51and has set to rely on support from wealthy Gulf countries and the IMF.
00:56According to its latest projections released in October,
01:00the International Monetary Fund expected Egypt's inflation rate to fall sharply to 11% in the current financial year,
01:08which ends on 30 June 2026.
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