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Egypt urban annual inflation steady at 9.8 pct in March vs February

A vendor stands next to his fruit stall as he waits for customers near a mosque in Cairo March 11, 2013. REUTERS/Amr Abdallah Dalsh (Reuters)

CAIRO (Reuters) - Egypt's annual urban consumer inflation rate stood at 9.8 percent in March, unchanged from February, the country's official statistics agency CAPMAS said on Thursday. Annual inflation had reached its highest rate in nearly four years in November but has been falling back since then. Egypt's M2 money supply rose 17.02 percent in the year to the end of February, the central bank said last month.