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Inflation falls to 12% Y-o-Y in December

Egypt’s consumer price inflation decelerated to 12% Y-o-Y in December from 15.7% in November, the official statistics agency, CAPMAS, said Thursday. This came in light of the normalisation of the price shock seen over the past few months, mainly concentrated in fruits and vegetables; the latter has seen a price drop of 21% M-o-M (Reuters, Mohamed Abou Basha)