CAIRO – 10 June 2021: The annual core inflation rate recorded 3.8 percent in June 2021, compared to 3.4 percent in May 2021, the Central Bank of Egypt (CBE) said in a statement Thursday. Core inflation discounts or strips out certain categories that are considered more volatile. Egypt’s annual consumer price inflation declined to 5.3 percent in June 2021, compared to 6 percent in May 2020, state-statistics body said Thursday. On a monthly basis, inflation recorded 113.2 points in June 2021, marking an increase of 0.3 percent compared to May 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) said. According to the announcement, Egypt’s annual urban consumer inflation accelerated to 4.9 percent in June from 4.8 percent in May.

Source: Egypt Today July 08, 2021 14:26 UTC