Last Update 9:22
Tuesday, 16 October 2018

Egypt's core inflation falls to 8.54 pct in July: Central bank

Reuters , Thursday 9 Aug 2018
TA
Egypt Central Bank governor Tarek Amer (Reuters)
Share/Bookmark
Views: 3360
Share/Bookmark
Views: 3360

Egypt's core inflation rate fell to 8.54 percent year-on-year in July from 10.9 percent in June, the central bank said on Thursday.

The official statistics agency CAPMAS also said on Thursday that Egypt's urban consumer price inflation fell to an annual 13.5 percent in July from 14.4 percent in June.

Inflation jumped after Egypt devalued its currency in November 2016.

It reached a record high in July 2017 on the back of energy subsidy cuts but has gradually eased since then, reaching their lowest levels in almost two years in March.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
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.
Latest

© 2010 Ahram Online.