Egypt's annual urban consumer price inflation rate falls to 15.7 pct in November - CAPMAS

A man counts his bills at a foreign exchange office in downtown Cairo June 5, 2014. Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 percent in May from 9.11 percent in April, the central bank said on Tuesday. Picture taken June 5, 2014. REUTERS/Amr Abdallah Dalsh (EGYPT - Tags: POLITICS BUSINESS) - RTR3T1W4

CAIRO, Dec 10 (Reuters) – Egypt’s annual urban consumer price inflation rate decreased to 15.7 percent in November from 17.7 percent in October, the official statistics agency CAPMAS said on Monday.

Egypt raised fuel, electricity and transportation prices earlier this year to help meet the terms of a $12 billion IMF loan programme it signed in late 2016, pushing inflation up steadily on the back of rising food prices.

(Reporting by Nadine Awadalla; Editing by Amrutha Gayathri)