Arab Finance: Egypt’s annual core inflation rate recorded 34.2% in December 2023, compared to 35.9% in November, the Central Bank of Egypt (CBE) announced in a press release on January 10th.

The monthly core consumer price index (CPI) inflation recorded 1.3% last December, compared to 2.6% in the same month of 2022 and 1% in November 2023, the CBE highlighted.

The data also showed that the annual headline urban inflation rate registered 33.7% in December, compared to 34.6% in November.

On December 10th, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's annual headline inflation dropped to 35.2% in December, compared to 36.4% in November.

Egypt's net foreign assets hit surplus of EGP 676.405B in May Updated 7/1/2024 5:11:00 AM

CBE declares June 30th as official holiday Updated 6/27/2024 9:00:00 AM

CBE withdraws EGP 1.07T surplus liquidity after Eid El-Adha holiday Updated 6/26/2024 9:26:00 AM

Egypt’s annual core inflation rate records 27.1% in May: CBE Updated 6/11/2024 7:05:00 AM

Exclusive | From Consumer Spending to Development: How Egypt Utilizes Remittances? Updated 6/10/2024 1:15:00 PM