Egypt urban consumer inflation falls to 11 pct in April-CAPMAS

Pulse Staff 11:33 - 10 May 2015

A worker carries trays of bread to be baked in an oven at a bakery in Cairo March 17, 2013. REUTERS/Mohamed Abd El Ghany

CAIRO (Reuters) - Egypt's urban consumer inflation fell to 11 percent in April from 11.5 percent in March, the official statistics agency CAPMAS said on Sunday.

Inflation spiked in Egypt after the government slashed energy subsidies in July 2014. It peaked at 11.8 percent in October.

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