Welcome AccessNorthGa.com
 Top Stories
  Severe Weather
  Bird Flu
  Mideast Crisis
 Personal Finance
  Sports Columns
  College Hoops
 Raw News
 Archive Search
 Multimedia Gallery
 AP Video Network
 in History
Mar 8, 10:50 AM EST

Egypt's inflation declines ahead of election

Latest News
4,300-year-old pyramid discovered in Egypt
Women join fight against female circumcision
Cheap electronics threaten Egyptian repairmen
Egyptian teenager's death in UK sparks outrage at home

Egyptians abroad vote in presidential elections

Egypt and Russia set April dates for resumption of flights

Egypt's president ready to join fight against militants

Egypt orders release of 2 detained journalists

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Merkel defends Germany's trade surplus as US trade war looms

WTO chief: If not for body, there would already be trade war

February retail sales slip as auto, gas purchases fade

US retail sales fell 0.1 percent in February

ECB head: Higher inflation needed to end stimulus

Britain could be paying into EU coffers until 2064

UK Treasury chief claims 'light at the end of the tunnel'

Watchdog warns trade tariffs would slow world growth upswing

Trump tariffs may imperil a delicate global economic rebound

US hiring surge last month pulls in flood of new workers

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

CAIRO (AP) -- Egypt's central bank says inflation dropped to 14.4 percent in February from 17 percent the month before, continuing a decline since it peaked last summer.

Inflation surged beginning in 2016 after President Abdel-Fattah el-Sissi's government slashed subsidies and floated the currency, austerity measures needed to secure a $12 billion bailout from the International Monetary Fund. Those actions caused the price of basic goods to spike, and took a heavy toll on poor and middle-class Egyptians.

The latest figures, announced Thursday, show core inflation, which excludes volatile commodities like food and energy, of 11.88 percent, down from 14.35 percent in January.

Egypt hopes to bring inflation down to 13 percent this year.

Egypt is holding an election later this month in which el-Sissi faces no serious challengers.

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.