Egypt’s annual core inflation records 35.9% in November: CBE – Egypt Today

Egypt’s annual core inflation records 35.9% in November: CBE – Egypt Today

CAIRO - 10 December 2023: Egypt’s annual core inflation rate recorded 35.9 percent in November 2023, compared to 38.1 percent in October 2023, according to the Central Bank of Egypt (CBE).

 

The CBE revealed that the monthly core Consumer Price Index (CPI) in Egypt has recorded a monthly rate of 1 percent in November 2023, compared to 2.7 percent in the same month of the previous year, and to 1.8 percent in October 2023.

 

Core inflation discounts or strips out certain categories that are considered more volatile.

 

Earlier on Sunday,  the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's annual inflation rate dropped to 36.4 percent in November, compared to 35.8 percent in October. 

 

The decline in inflation was driven by decreases in prices across various sectors, contributing to improved economic conditions for consumers.

 

The general consumer price index for the entire republic reached 191.8 points in November 2023, indicating a positive trend in the overall price levels.

 

 

Egypt's annual core inflation records 35.9% in November: CBE - Egypt Today