Cairo Chamber confirms decline in commodity prices which announced by Dr. Khaled Hanafy-Minister

of Supply and Internal Trade.  Thousands of tons of food commodities and Nuts & dried fruits have been

provided by the subsidiaries of Food Industries Holding Company and also have been imported from

abroad to meet all the needs of citizens at discounted prices, in preparation for the holy month of

Ramadan.

Cairo Chamber of Commerce also confirmed that in the first monitoring of the market state during this

week, a report by the Division of foodstuffs revealed that there is availability of all products at stable

prices, with an uneven decline in the prices of some products such as frying oils.  While the Central Bank

of Egypt announced that annual inflation rate fell to 8.86 percent during last May compared to 9.11

percent in last April

Central Bank of Egypt Pointed out that the core inflation rate recorded a negative growth of 0.23 percent

per month in last May against 0.25 percent in April.