Egypt’s urban inflation eases to 14.6%, but don’t expect a rate cut just yet

Annual urban inflation cooled for a second consecutive month in May, easing 0.3 percentage points to 14.6% y-o-y Capmas data (pdf) 1.1% in April HC Securities Reuters

What drove the monthly increase?

Analysts weigh in: higher electricity telecommunications costs

A mixed message for policymakers?

Th ings are steady, for now:

The outlook remain s tilted toward a rate hold.

Still moving in the right direction: forecast of 16-17% average inflation