Egypt’s inflation slows to 25.7% in July 

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Cairo: Egypt's annual urban consumer price inflation rate fell to 25.7 percent in July from 27.5 percent in June, the Egyptian National Authority of Statistics (CAPMAS) said on Thursday, a faster pace than analysts had expected. Month-on-month, prices of goods fell by 0.4 percent in July from 1.6 percent in June, while food prices fell by 0.3 percent in July, although they were still 28.5 percent higher than a year earlier. Egypt is one of the world's largest wheat importers, importing around 5.5 million tons of wheat a year to buy bread for millions of people.

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