Egypt annual inflation at 10.9pct in August

Urban consumer inflation in Egypt was 10.9 per cent in the 12 months to August, compared to 10.7 per cent in July, the state-run Capmas statistics agency said on its website on Wednesday.

Five analysts cited forecasts for urban inflation – the most closely watched indicator of prices – that ranged from 9.6 per cent to 11.2 per cent. The average of the forecasts was 10.4 per cent.