Egypt's core inflation eased to 38.1 percent in October, from 39.7 percent in September.
Central Bank of Egypt data showed that the core consumer price index recorded a monthly rate of 1.8 percent in October 2023 compared to 3.0 percent in the same month of the previous year, and a rate of 1.1 percent in September 2023.
On the other hand, core inflation data issued by the Central Agency for Public Mobilization and Statistics in Egypt showed a decline in annual consumer price inflation in Egyptian cities, to record 35.8 percent in October, down from a record high of 38 percent in September. On a monthly basis, the pace of price rises slowed to one percent in October from 2 percent in September.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
