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Egypt's annual urban consumer price inflation 3.1% in October, from 4.8% in Sept

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11/10/2019 | 05:06am EST

Egypt's annual urban consumer price inflation fell to 3.1% in October, from 4.8% in September, the country's official statistics agency CAPMAS said on Saturday.

Egypt is approaching the end of an IMF-backed economic reform programme that during 2017 saw the annual inflation rate rise to 33%. The country hiked domestic fuel prices in July as part of the terms of the agreement.

(Reporting by Nadine Awadalla; Writing by Amina Ismail; Editing by Alexander Smith)

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