Egypt’s inflation slows to 25.7% in July 

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CAIRO: Annual consumer price inflation in Egypt's urban areas fell to 25.7 percent in July from 27.5 percent in June, a faster rate of decline than analysts had expected, the country's statistics agency CAPMAS showed on Thursday. On a monthly basis, prices fell 0.4 percent in July, down from 1.6 percent in June. Food prices fell 0.3 percent in July, though they were still 28.5 percent higher than a year ago. Egypt is one of the world's largest importers of wheat, importing about 5.5 million tonnes a year to provide subsidized bread to millions of people.

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