- The Central Bank of Egypt (CBE) reported a significant increase in the nation’s annual core inflation rate, reaching 35.1% in February.
- Monthly core consumer price index (CPI) inflation surged to 13.2% in February, compared to 8.1% in February 2023 and 2.2% in January 2024.
- Annual headline inflation also rose to 35.1% in February, up from 29.8% in January, according to data released by the CBE and the Central Agency for Public Mobilization and Statistics (CAPMAS).
The Central Bank of Egypt (CBE) announced a significant uptick in the nation’s annual core inflation rate, which soared to 35.1% in February, according to an official statement.
This marks a notable increase from the 29% recorded in January.
The CBE emphasized the acceleration of the monthly core consumer price index (CPI) inflation, which surged to 13.2% in February, compared to 8.1% in the corresponding month of 2023 and 2.2% in January 2024.
Furthermore, the data unveiled a parallel rise in the annual headline inflation rate, registering at 35.1% in February, in contrast to January’s rate of 29.8%.
Concurrently, on March 10th, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported a similar trend, disclosing that Egypt’s annual headline inflation had climbed to 36% in February from 31.2% in January.
These figures illuminate the current inflationary pressures within Egypt’s economic sphere.
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