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A person counts his payments at a foreign money trade in downtown Cairo, June 5, 2014. Egypt’s annual core inflation, which excludes sponsored items and unstable objects corresponding to fruit and veggies, slowed to eight.86 % in Could from 9.11 % in April, the central financial institution mentioned on Tuesday. Photograph taken June 5, 2014. REUTERS/Amr Abdallah Dalsh (EGYPT – Tags: POLITICS AFFAIRS) – RTR3T1W4
The Central Financial institution of Egypt (CBE) has introduced a rise in annual core inflation, which can attain 25.1 % in August, in comparison with 24.4 % in July.
The CBE added in a report that the core shopper worth index confirmed a month-to-month change of 0.9 % in August 2024, in comparison with 0.3 % in August 2023 and -0.5 % in July 2024.
The month-to-month share change of the final city shopper worth index, launched by the Central Bureau for Public Mobilization and Statistics on September 10, was 2.1 % in August 2024, in contrast with 1.6 % in August 2023 and 0.4 % in July 2024.
On an annual foundation, the headline city inflation fee was 26.2 % in August 2024, in comparison with 25.7 % in July 2024.
Egypt’s annual core inflation rises to 25.1% in end-August
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