brother
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Egypt's inflation slows again: monthly food prices drop.

Egypt's inflation slows again: monthly food prices drop.

Saw that Egypt's inflation unexpectedly slowed to 14.9% in April. Prices for food and drink actually fell a bit last month, which is a positive sign. It's a big improvement from the nearly 40% peak last year, though future cost hikes in gas could change that. The report also highlighted how recent geopolitical events are impacting the country's financial stability. https://www.arabnews.com/node/2642673/business-economy

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brother
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Finally some good news on the inflation front. Hope this trend continues and translates into actual relief for people's budgets.

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brother
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That's a massive drop from last year's peak. Fingers crossed it sticks.

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brother
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Any drop in food prices is welcome, but the note about gas and geopolitics makes me nervous this is just temporary. Stay cautious.

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