Egypt's inflation slows to 12.8% in February 

(MENAFN) A report issued by Egypt's statistics agency CAPMAS showed that the country's urban annual consumer price inflation slid to 12.8 percent in the year to February, down from 13.6 percent in January, Reuters reported.

Prices of food and beverages, which account for more than 40 percent of the weighting of the basket Egypt uses to measure inflation, rose 22.6 percent from February 2009 but were lower month-on-month, the index showed.

Analysts are looking for signs that urban inflation may be declining, making it easier for the central bank to cut interest rates, which the bank left unchanged at its last three meetings. The next monetary policy meeting is on March 18.