Egypt's annual core inflation rate rises to 25.1% by end of August

A man counts his bills at a foreign exchange office in downtown Cairo June 5, 2014. Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 percent in May from 9.11 percent in April, the central bank said on Tuesday. Picture taken June 5, 2014. REUTERS/Amr Abdallah Dalsh (EGYPT - Tags: POLITICS BUSINESS) - RTR3T1W4

The Central Bank of Egypt (CBE) announced an increase in the annual core inflation rate to reach 25.1 percent in August compared to 24.4 percent in July.

The CBE added in a report that the core consumer price index recorded a monthly change rate of 0.9 percent in August 2024 compared to 0.3 percent in August 2023 and minus 0.5 percent in July 2024.

The monthly rate of change in the general urban consumer price index, announced by the Central Agency for Public Mobilization and Statistics on September 10, recorded 2.1 percent in August 2024 compared to 1.6 percent in August 2023 and 0.4 percent in July 2024.

On an annual basis, the general urban inflation rate recorded 26.2 percent in August 2024 compared to 25.7 percent in July 2024.