Egypt's Inflation Tops 12 Percent

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    Egypt's statistical¹ agency reported Tuesday that food and beverage² costs, which account for nearly half of the country's consumer spending, increased by 21 percent last month compared to a year ago. That helped boost consumer prices to their highest point in a year.

    Surging food prices were among a list of grievances³ Egyptians complained about in the past couple of years, leading to the widespread anti-government protests in January. Mubarak resigned in early February and is now being investigated on charges of illegally amassing⁴ wealth during his 30-year rule.

    Egypt's economy has been buffeted⁵ by political uncertainty⁶. Tourism has sharply dropped and the country's international reserves have diminished.(本文由在线英语听力室整理编辑)

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