Egypt inflation expected to slow in December

Egypt's inflation rate probably fell for a third straight month in December on lower food prices, but may see an uptick in coming months after recent government price rises and a possible currency devaluation, a Reuters poll showed on Monday.

Annual urban consumer inflation is seen edging down to 33.4% in December from 34.6% in November, according to the median forecast of 14 analysts polled.

Inflation has eased from a historic high of 38.0% in September, but inflation risks are growing again.