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Egypt's core inflation increases to 8.83 percent yr/yr in August: Central Bank


Reuters
Updated: 10-09-2018 16:33 IST
Egypt's core inflation increases to 8.83 percent yr/yr in August: Central Bank

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Egypt's core inflation edged up to 8.83 pct year-on-year in August from 8.54 percent in July, the central bank said on Monday.

Inflation jumped after Egypt devalued its currency in November 2016. It reached a record high in July 2017 on the back of energy subsidy cuts but has eased since then.

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