The Central Bank of Egypt (CBE) released a report on the inflation rates in October 2023, showing a decrease in both headline and core inflation for the fourth consecutive month. The report also provided a breakdown of the monthly inflation rates for different categories of items. Prices of poultry and eggs increased by 11% and 8.9%, respectively, contributing 0.78% to the monthly headline inflation. Prices of dairy products, market sugar, and other core food items increased by varying rates, contributing 0.2% to the monthly headline inflation. Prices of regulated items remained broadly stable, with no significant contribution to the monthly headline inflation.

Source: Daily News Egypt November 19, 2023 18:31 UTC