Egypt's Annual Core Inflation Decelerates By 2.2 Percent in NovemberSource: www.export-egypt.com 12/10/2023, Location: Africa |
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Egypt's annual core inflation rate decelerated by 2.2 percent in November, recording 35.9 percent, down from 38.1 percent in October, according to the data released by the Central Bank of Egypt (CBE) on Sunday.
The report added that the monthly core inflation rate declined to 1 percent in November 2023 from 1.8 percent in October 2023 and 2.7 percent in November 2022. The annual headline urban consumer inflation rate reached 34.6 percent in November, down from 35.8 percent in October. Meanwhile, the monthly headline urban inflation rate decreased to 1.3 percent in November, down from 1 percent in October. 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 decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS). |
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