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Inflation deceleration is on right track: Pharos

Inflation deceleration is on right track: Pharos

ArabFinance: The pre-budget of FY2018/19 shows that inflation deceleration will continue, to reach 10% at the end of fiscal year while the average inflation rate scores 13.2%, Pharos Holding said.

These expectations are more optimistic than Pharos estimates for inflation of 13.8% at the top and 13.3% on average.

Moreover, the government’s expectation is more optimistic than the IMF expectations of 15.2% at the top and 13.7% on average.

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