Inflation slowed to 318.21% year-on-year in December, from 339.58 in the previous month, the statistics agency added in a statement.

Core inflation, which strips out volatile items such as food, increased to 443.48% in December from 428.34% in November.

(Reporting by Khalid Abdelaziz, Writing by Ahmad Elhamy, Editing by Angus MacSwan)