BREAKING NEWS

Egypt's annual core inflation rises to 13.25 pct in August

By REUTERS

SEPTEMBER 8, 2016 17:11

CAIRO - Egypt's annual core inflation jumped to 13.25 percent in August from 12.31 percent in July, the central bank said on Thursday.

Core inflation, which strips out the price of volatile items such as fruit and vegetables, had been rising since March but edged down slightly in July.

August appeared to mark a return to the upward trend in prices since the central bank devalued the pound in March and slashed subsidies in August.

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