Egypt inflation expected to slow in December: Reuters poll

Egypt's inflation rate probably fell for a third straight month in December on lower food prices, but may see an uptick in coming months after recent government price rises and a possible currency devaluation, a Reuters poll showed on Monday. Inflation has eased from a historic high of 38.0% in September, but inflation risks are growing again. "The various price hikes announced last week are likely to drive inflation higher in the January inflation print released in early February," said Carla Slim of Standard Chartered.

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