Arab Finance: Egypt’s annual core inflation rate rose to 40.3% in February 2023, compared to 31.2% in January 2023, the Central Bank of Egypt (CBE) revealed in a press release on March 9th.

The monthly core consumer price index (CPI) inflation recorded 8.1% in February 2023, compared to 1.2% in the same month of 2022 and 6.3% in January 2023, the CBE added.

According to the CBE, the annual headline urban CPI inflation recorded 31.9% in February, compared to 25.8% in January.

It is worth noting that the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's annual headline inflation rate rose to 32.9% in February, compared to 10% in the same month of 2022.

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