Last Update 23:28
Tuesday, 22 May 2018

Egypt's annual core inflation jumps to 25.86 pct in December

Ahram Online , Tuesday 10 Jan 2017
Central Bank of Egypt (Photo: Reuters)
Central Bank of Egypt (Photo: Reuters)
Views: 7395
Views: 7395

Egypt's annual core inflation jumped to 25.86 percent in December from 20.73 percent in November, the central bank said on Tuesday.

The core consumer price index that the Central Bank of Egypt (CBE) uses to measure the level of prices – after excluding the volatile cost commodities such fruits and vegetables – started to hit the double-digits in May 2016, when it recorded a seven-year-high rate of 12.2 percent.

Egypt's annual headline inflation jumped to 24.3 percent in December compared to 20.2 percent in the previous month, weeks after the country freely floated its currency in November, state statistics body CAPMAS announced on Tuesday.

The CBE decided in early November to float the pound against the dollar and raise key interest rates.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.