CAIRO: Egypt’s monthly inflation rate rose by 1.2 percent in January according to the Central Agency for Public Mobilization and Statistics (CAPMAS) Tuesday.
The statement released by CAPMAS, however, noted that annual inflation decreased during January to reach 9.4 percent compared to December 2014 at 9.8 percent.
The Ministry of Finance announced Friday that the annual inflation in Egypt rose to reach 10.1 percent during December 2014 compared to 9.1 percent during November.
Earlier in December the Central Bank of Egypt (CBE) announced that Egypt’s core inflation annual rate declined to 7.81 percent in November down from 8.47 percent in October.
Egypt’s annual urban consumer inflation hiked to an annual 9.8 percent in December 2014 compared to 9.1 percent in November according to CAPMAS last January.