CBE: Annual Core inflation rate rises to 35.1% in February - 2024
First Bank
CBE
The Central Bank of Egypt, in a recent statement on its official website, revealed an increase in the annual core inflation rate, registering 35.1% in February 2024, compared to 29% in January 2024.
According to CBE's statement, the official Consumer Price Index (CPI), calculated by CBE, recorded a monthly rate of 13.2% in February 2024, compared to 8.1% in the same month of the last year and a monthly rate of 2.2% in January 2024.
The overall Consumer Price Index for urban areas, announced by CAPMAS, recorded a monthly rate of 11.4% in February 2024, compared to 6.5% in the same month of last year and monthly rate of 1.6% in January 2024. The annual inflation rate records 35.7% in February 2024, compared to 29.8% in January 2024.
