Cairo: The Central Bank of Egypt announced today that Egypt's inflation rate decreased to 11.8 percent year-on-year in December. The rate had recorded 12.5 percent in November.

According to Emirated News Agency, the decrease in the inflation rate is attributed to various economic measures implemented by the government. The drop reflects a positive shift in the country's economic conditions compared to the previous month.

The Central Bank's report highlights that the decline in inflation is primarily due to changes in certain sectors that have shown improvement. The bank continues to monitor the economic landscape to ensure the stability of the inflation rate in the coming months.