In Egypt, inflation fell to 12.8 percent in February, according to the country’s statistical authorities.
In January, inflation was 24 percent. The drop was higher than the expectations of analysts, says Reuters.
The experts interviewed by Reuters had predicted that inflation would fall to a 14.5 % in February.
A year ago, Egypt devalued his currency, raised the interest rates and took out a loan of $ 8 billion from the IMF international currency fund.
The efforts were made to improve the economic situation and reduce inflation.
Source: Reuters