CBE: Annual Inflation Rate down to 6.49 % in JulySource: www.export-egypt.com 8/11/2015, Location: Africa |
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The annual inflation rate declined to 6.49 per cent in July, compared to 8.07 per cent in June, said the Central Bank of Egypt (CBE).
In a statement on 10/8/2015, the CBE said that the monthly main inflation rate hit 0.3 per cent in July, against 0.61 per cent in June. Earlier, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the annual inflation rate hit its lowest level in 2015 so far in July with 8.3 per cent compared to July 2014. The CAPMAS added that the annual inflation rate reached 11.5 per cent in June, 13.5 per cent in May, 11 per cent in April, 11.8 per cent in March, 10.7 per cent in February and 9.4 per cent in January. The CBE has developed a special indicator to measure the inflation rate according to the CAPMAS report, not including goods affected by temporary supply shocks as fruits and vegetables, in addition to goods and services of administratively-specified prices. |
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