Egypt releases core inflation index

26 October 2009

Inflation rises to 6.3 per cent in September

The Central Bank of Egypt published its core inflation index for the first time on 25 October.

The bank calculates the new index using consumer price inflation (CPI), but excludes the prices of fruit and vegetables, and regulated prices. Fruit and vegetables account for 8.8 per cent and 19.4 per cent of the CPI basket respectively.

The bank has used the index since 2006, but has never made it public.

This week it published figures which showed that core annual inflation rose to 6.3 per cent in the year to September, up from 5.8 per cent in August.

Headline inflation increased from 9 per cent in August to 10.8 per cent in September.

The Central Agency for Public Mobilisation & Statistics releases Egypt’s monthly headline inflation figures.

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