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China’s inflation slows to 29-month low

Beijing (AFP) — China’s inflation slowed in June to its lowest level in 29 months, official data showed Monday, giving the government more flexibility in its efforts to reboot the world’s second-biggest economy. The country’s consumer price index (CPI) rose by 2.2 percent year-on-year in June, the National Bureau of Statistics said, down from 3.0 …

Daily News Egypt

Egyptian stock exchange

Inflation slows in Egypt while deficit widens.

Egypt’s inflation slowed in April, despite overall food prices remaining high and the country’s deficit widening to $11.2 billion, as Egypt’s transition seemed to be prolonging its economic woes, the Automotive Marketing Council noted in a report released yesterday.

Moustafa Ayad

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Horoscope

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Daily News Egypt

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