Egypt January core annual inflation rises

Egypt January core annual inflation rises

Egypt’s core annual inflation rose to 9.74 per cent in the year to January from 9.65 per cent in December, the Central Bank said on its website on Thursday.

Core inflation affected subsidised goods and volatile items including fruit and vegetables.

Urban consumer price inflation, the most closely watched indicator of prices, rose to 10.8 per cent year on year in January from 10.3 per cent year-on-year in December, CAPMAS said earlier.

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