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Monday, 19 November 2018

Egypt's core inflation jumps to 20.73 pct in Nov from 15.72 pct in Oct

Reuters , Thursday 8 Dec 2016
Central Bank of Egypt (Photo: Reuters)
File Photo: Central Bank of Egypt (Photo: Reuters)
Views: 1973
Views: 1973

Egypt's annualised core inflation jumped to 20.73 percent in November from 15.72 percent in October, the central bank said on Thursday.

The jump comes after the central bank ditched its peg of 8.8 Egyptian pounds to the dollar on Nov. 3, floating the currency and allowing it to roughly halve in value.

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