The Central Bank of Egypt (CBE) has revealed that July’s annual headline inflation decreased by 1% compared to a month earlier, recording 13.9%, Invest-Gate reports.

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has recorded monthly headline CPI inflation of 2.4% in July, according to a press release published by the CBE.

The monthly core CPI inflation, computed by CBE, has reached 0.6% in July compared to 1.6% in June.

The annual core inflation rate has recorded 8.5% in July compared to 10.9% in June.