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Egypt's inflation eases to 12.3% in November - REUTERS
By Reuters
CAIRO, Dec 10 (Reuters) - Egypt's annual urban consumer inflation slowed slightly to 12.3% in November after a month-on-month drop in food prices, statistics agency CAPMAS said on Wednesday, with inflation coming in lower than analyst expectations.
The median forecast in a poll of 14 analysts had been for inflation to climb to 13.1%. The urban consumer inflation rate in October was 12.5%.
Month-on-month, urban consumer prices rose by 0.3% in November, CAPMAS said. Food and beverage prices rose by an annual 0.7% but fell by a monthly 2.6%, it said.
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