Egypt’s annual urban inflation rate fell to a six-month low of 34.60% in November, down from 35.8% in October. This rate, still well above the central bank’s 5-9% target range, came amid a slowdown in food inflation (64.5% compared to 71.3% in October). Consumer prices increased by 1.3% MoM in November, accelerating from a 1.0% rise in October, which was the softest in 14 months.