Egyptian inflation seen inching lower in April: Reuters poll

Egypt's headline inflation rate is likely to edge down in April from a five and a half year high the month before, a Reuters poll showed on Monday, helped by a favourable base effect, a steady currency and weaker commodity prices.

The median forecast of 13 analysts polled showed annual urban consumer inflation slipping to 31.0% in April from 32.7% in March.

Capital Economics said a steady exchange rate since January, weaker global commodity prices and favourable base effects indicated that inflation had eased in April.