Last Update 0:14
Wednesday, 20 November 2019

Egypt's annual core inflation accelerates to 33% in February: CBE

Ahram Online , Thursday 9 Mar 2017
Egypt central bank (Reuters)
Egypt central bank (Reuters)
Share/Bookmark
Views: 3624
Share/Bookmark
Views: 3624

Egypt's annual core inflation jumped to 33.10 percent in February from 30.86 percent in January, the central bank (CBE) said on Thursday.

On a monthly basis, core inflation eased to register 2.61 percent, down from 5 percent the month before, the bank said on its website.

The core consumer price index that the CBE uses to measure the level of prices – which excludes essential commodities such as fruits and vegetables – started to hit double digits in May 2016, when it reached a seven-year-high of 12.2 percent.

Egypt's annual headline inflation hit a record high of 31.7 percent in February, up from 29.6 percent in January, state statistics body CAPMAS announced earlier on Thursday.

Short link:

 

Latest

© 2010 Ahram Online.