Egypt’s inflation indicators eased slightly in August compared to record-high figures registered in July, Invest-Gate reports.

Annual urban consumer price inflation fell to 31.9% in August year-on-year from 33% in July, the official statistics agency CAPMAS said in a Sunday statement.

The country’s core inflation, which excludes volatile items like food, decreased to 34.86% in August year-on-year from 35.26% in July, the Central Bank of Egypt revealed in a statement.

Food prices in August rose 42.2% year-on-year, while housing, water, electricity and gas prices went up by 7.7%.