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Egypt’s annual core inflation rate up to 11.9% in April: CBE

Egypt’s annual core inflation rate up to 11.9% in April: CBE

ArabFinance: Egypt’s annual core inflation rate rose to 11.9% in April 2022, compared to 10.1% in March 2022, the Central Bank of Egypt (CBE) revealed in a press release on May 10th.

The monthly core consumer price index (CPI) inflation recorded 2.4% last April, compared to 0.7% in the same months of 2021 and 3.1% in March 2022, the CBE added.

According to the CBE, the headline urban CPI inflation recorded 3.3% in April 2022, compared to 0.9% in April 2022 and 2.2% in March 2022.

It is worth noting that the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's annual headline inflation rate rose to 14.9% in April 2022, compared to 4.4% in the same month of 2021

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