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Egypt's Urban Inflation Soars, Adds to Risk of Social Unrest

Egyptian urban consumer inflation soared in November to its highest annual rate in nearly four years, increasing the risk of social unrest and potentially setting up a policy dilemma for the central bank. Crippled by political turmoil since a popular uprising toppled autocrat Hosni Mubarak in 2011, Egypt's economy expanded just 2.1 percent in the year to June 30. The central bank has cut interest rates three times by a total of 150 basis points since the army deposed Islamist...

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