Egypt's inflation rate falls for fourth month running in June

According to reporting by Reuters Egypt's annual urban inflation rate slowed for a fourth consecutive month in June, to 27.5% from 28.1% in May, data from the country's statistics agency showed on Wednesday. 

June's fall extended the downward shift from a record 38% in September 2023 as authorities have shifted to an inflation targeting model and a flexible exchange rate.

Egypt's core inflation, which strips out volatile items such as fuel and some types of food, eased to 26.6% year on year from 27.1% in May, central bank data showed later on Wednesday.