Egypt's Annual Core Inflation Decelerates 1.6 Percent in OctoberSource: www.export-egypt.com 11/12/2023, Location: Africa |
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Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in September, according to the data released by the Central Bank of Egypt (CBE) on Sunday.
On the other hand, the monthly core inflation rate rose to 1.8 percent in October compared to 1.1 percent in September 2023 and three percent in October 2022. The annual headline urban consumer inflation rate reached 35.8 percent in October, down from 38 percent in September. Meanwhile, the monthly headline urban inflation rate decreased to one percent in October, down from two percent in September. Urban headline inflation measures the rate of price increase of goods and services typically consumed by urban households, while core inflation excludes volatile items such as food and energy prices. Egypt's annual headline inflation has declined significantly, reaching 38.5 percent in October, down from 40.3 percent in September, according to the data released by the Central Agency for Public Mobilization and Statistics. |
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