CAIRO, Sept. 10 (Xinhua) -- Egypt's annual urban consumer price inflation slumped to 6.7 percent in August from 13.6 percent in the same month in 2018, the country's official statistics agency said on Tuesday.
This is the lowest annual rate in four years, when the annual inflation reached 7.9 percent in August 2015.
On a month-on-month basis, the rate increased by 0.7 percent in August compared to July, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement.
The inflation rate recorded from January through August 2019 was 11.5 percent, it added.
It pointed out one percent increase in prices of foodstuffs between July and August.
In August, the inflation rate increased by 0.7 percent in urban areas and 0.8 percent in rural areas, the statement added.
Egypt received IMF's last tranche of 12-billion-dollar loan on Aug. 5, which has made pressures on the people amid local currency devaluation, fuel and energy subsidies deduction and introduction of value-added tax.
