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| 08 February, 2018

Egypt's core inflation falls to 14.35% yr/yr in Jan- central bank

Inflation jumped after Egypt devalued its currency in November 2016.

People shop at Al Ataba, a popular market in downtown Cairo, November 11, 2013.

People shop at Al Ataba, a popular market in downtown Cairo, November 11, 2013.

REUTERS/Mohamed Abd El-Ghany
CAIRO- Egypt's core inflation fell to 14.35 percent year-on-year in January from 19.86 percent in December, the central bank said on Thursday.

Inflation jumped after Egypt devalued its currency in November 2016. It reached a record high in July on the back of energy subsidy cuts but has gradually eased since then.

(Reporting by Arwa Gaballa; Editing by Matthew Mpoke Bigg) ((mailto:arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))