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Egypt's annual core inflation falls to 32.25% in March: CBE

Ahram Online , Monday 10 Apr 2017
Central Bank of Egypt
File Photo: People and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt's headquarters in downtown Cairo (Reuters)

Egypt's annual core inflation eased to 32.25 percent in March down from 33.10 percent in February, the central bank (CBE) said on Monday.

On a monthly basis, core inflation dropped to 0.97 percent, down from 2.61 percent in February, 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 32.5 percent in March, up from 31.7 percent the month before, state statistics body CAPMAS also announced on Monday.

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