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Financials

Egypt expects inflation to start easing by December - minister

CAIRO, March 30 (Reuters) - Egypt expects inflation to start easing by the end of the year, Finance Minister Amr El-Garhy said on Thursday.

“We expect the inflation rate to ease starting in November or December,” he told a conference in Cairo. Inflation hit a 30-year high in February, including an over 40 percent increase year-on-year to prices of food and beverages. (Reporting by Ehab Farouk; Writing by Dominic Evans; Editing by Lin Noueihed)

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