The annual core inflation rate recorded 5.2 percent in October 2021, compared to 4.8 percent in September 2021, the Central Bank of Egypt (CBE) said in a statement Wednesday.
The Consumer Price Index in Egypt has recorded a monthly rate of 2.1 percent in October, compared to 1.7 percent for the same month last year, and to 0.4 percent in September 2021, the statement added.
Core inflation discounts or strips out certain categories that are considered more volatile.
The Central Agency for Public Mobilization and Statistics (CAPMAS) said earlier Wednesday that Egypt’s annual consumer price inflation recorded 7.3 percent in October 2021, compared to 4.6 percent in October 2020.
Egypt Today
