Cairo – Mubasher: Egypt’s core inflation annually increased to 20.73% in November compared with 15.72% in October, said the Central Bank of Egypt (CBE) on Thursday.
On a monthly basis, inflation rose to 5.33% in November from 2.81% a month earlier.
Earlier on Thursday, the Central Agency for Public Mobilization and Statistics said the core price index (CPI) annually soared to 20.2% in last November.
The index, which covers urban consumers only, monthly increased 19.4% or 205.3 points in November, CAPMAS added.
Earlier, the International Monetary Fund expected inflation to shoot up above 18% during the coming year.
