CPI is a measure of changes in the purchasing power of currency and the rate of inflation. The basic inflation prepared by the Central Bank of Egypt (CBE) recorded a monthly rate of0.61% in August, compared to 0.25% in July. The annual inflation rate increased to 13.25% in August compared to 12.37% in July, according to the CBE. The annual inflation rate in August was 16.4% higher than in August 2015. Food and beverage prices registered an increase of 1.6%, which represents a 0.84% increase in CPI compared to July.

Source: Daily News Egypt September 08, 2016 15:00 UTC