Egypt’s core annual inflation drops to 7.19% in April: CBE
CBE building - YOUM7 (Archive)

CAIRO: Egypt’s core inflation fell to 7.19 percent in April year-on-year, compared to 7.21 percent a month earlier, the Central Bank of Egypt (CBE) announced late Sunday.

Meanwhile, core inflation computed by the CBE went up by 0.23 percent (m/m) in April, compared to a 0.76 percent hike (m/m) in March.

Earlier on Sunday, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported that Egypt’s annual urban consumer price inflation rate edged down to 11 percent in April, compared to 11.5 percent in March.

CAPMAS attributed the slight decline mainly to a 44.2 percent slip in butane gas cylinder prices during April, while white-meat prices and eggs fell by 3.1 percent and 1.5 percent respectively.

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