Egyptian inflation slowed to its lowest level in two years, easing the path for the North African nation’s first interest-rate cut since 2020.

Egyptian inflation is expected to have eased to 24.2% in December as food prices continued to cool, according to a poll released on Wednesday. The median forecast of 13 analysts polled by Reuters was for annual urban consumer inflation to have edged down to 24.

India's consumer price inflation is expected to have dropped to 5.3 per cent in December, driven by a slowdown in food price increases, according to a Reuters poll of economists. This reduction in inflation fuels expectations of a potential interest rate cut by the Reserve Bank of India (RBI) next month,

Ghana and Egypt have announced their inflation figures for December 2024 as Nigeria awaits its own release. Samuel Kobina Annim, statistician at the Ghana Statistical Service (GSS), said the country’s December consumer inflation rate rose to 23.

Consumer price inflation in India likely fell to 5.3% in December on moderating food price rises, a Reuters poll of economists showed, bolstering expectations for an interest rate cut by the central bank next month amid slowing economic growth.

Inflation has been fuelled largely by an expansion of money supply. Egypt’s supply of M2 money – a measure that includes cash, checking deposits and other deposits readily con