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Egyptian Inflation Slightly Eases Even After Currency Plunge

Egyptian inflation slowed in March despite a dramatic currency flotation aimed at turning around the battered economy that some analysts saw as likely to fuel another surge in costs.

Consumer prices in urban parts of the North African country grew an annual 33.3% last month compared with 35.7% in February, state statistics agency CAPMAS said Monday. Monthly inflation was 1% — the lowest rate since October, according to data compiled by Bloomberg.

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