Egypt's annual core, urban inflation slow in April

Egypt's annual urban consumer inflation and core inflation both slowed in April, a reprieve from rising prices after two straight months of increasing inflation.

Egypt's urban consumer inflation slowed to 11 percent in April from 11.5 percent in March, the official statistics agency CAPMAS said on Sunday.

Core annual inflation, which excludes volatile items like fruit and vegetables, eased slightly to 7.19 percent in April from 7.21 percent in March, the central bank said.