Egypt’s annual core inflation records 39.5% in March 2023: CBEThe Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the annual urban inflation rose to 32.7% in March 2023, compared to 31.9% in February, marking its highest level since July 2017, when it reached 32.95%. In addition, the monthly core inflation, computed by the Central Bank of Egypt, recorded 2.5% in March 2023, compared to 3.1% in March 2022 and to 8.1% in February 2023. Accordingly, the annual core inflation rate recorded 39.5% in March 2023, compared to 40.3% in February 2023. The agency continued that the Health Care Department recorded a monthly increase of 1.4% and an annual increase of 17.7%, and the Transport and Communications Department recorded a monthly increase of 2.5% and an annual increase of 21.4%, while the Telecommunications Department recorded a monthly increase of 0.2% and an annual increase of 1.2%. The Department of Culture and Entertainment recorded a monthly increase of 1.5% and an annual increase of 26.1%, while the Restaurants and Hotels Department recorded a monthly increase of 4.6% and an annual increase of 48.2%.

Source: The North Africa Journal April 11, 2023 16:57 UTC