00:00Egypt's annual inflation rates slowed slightly to 14.9% in April from 15.2% in March, according to
00:07data from the Central Agency for Public Mobilization and Statistics.
00:12Despite rising fuel costs and weakened currency impacted by the war in Iran, monthly inflation decelerated to 1.1%
00:20from 3.2%, suggesting a potential easing in monetary policy.
00:26Prices for food and beverages, which constitute the largest share of the inflation basket, increased by 6.7% year
00:33-over-year in April, up from 5.8% in March.
00:37The inflation rate had previously peaked at 38% in September 2023, but declined after Egypt's $8 billion support package
00:45with the International Monetary Fund signed in March 2024.
00:48However, inflation might accelerate again in May due to rising natural gas prices.
00:56For more information, visit www.fema.gov.au
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