Egypt's annual core inflation records 4.5% in August: CBE

CAIRO – 9 September 2021: The annual core inflation rate recorded 4.5 percent in August 2021, compared to 3.6 percent in July 2021, the Central Bank of Egypt (CBE) said in a statement Thursday.

The Consumer Price Index in Egypt has recorded a monthly rate of negative 0.3 percent in August, compared to negative 0.2 percent for the same month last year, and to 0.6 percent in July 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 Thursday that Egypt’s annual consumer price inflation recorded 6.4 percent in August 2021, compared to 3.6 percent in August 2020.