The core inflation in Egypt (not including highly volatile prices, such as food prices) rose slightly to 3.7 percent year on year in March 2021, up from 3.65 percent last February, according to the central bank report.
According to the Egyptian Central Agency for Public Mobilization and Statistics, the urban consumer price inflation stood at 4.5 percent year-on-year in March, the same rate as in the previous month. Whereas the price inflation in March was 0.6 percent compared to the previous month, up from 0.2 percent in February.
The central bank recently revised its target for core inflation to 7 percent, which is more or less two percentage points, by the end of 2022.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
