Egypt inflation seen retreating in October from record high

Egyptian inflation is expected to retreat in October from a record high of 38% in September as food price rises moderate, a Reuters poll showed on Tuesday, but Egypt's battle with inflation seems far from over, analysts say.

The median forecast of 19 analysts polled showed annual urban consumer inflation slipping to 37.1% from 38.0% in September.

Inflation had been accelerating steadily since June, when it reached a record high of 35.7%. The previous high of 32.95% was in July 2017.