Cairo – Mubasher: Egypt’s annual inflation rate is forecast to ease between 12.5% and 12.8% in April and to record a slight rise next May, according to a recent report by MubasherTrade Research.
On Tuesday, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s annual inflation dropped to 13.1% year-on-year in March 2018 from 32.5%.
Accordingly, the research firm has described number 13 as a “lucky number” due to the successive drop in Egypt’s inflation, even if it is mainly due to the base effect.
It is worth noting that analysts projected the inflation rate to maintain declining over the coming period to reach 12.5% by end-April.
The Central bank of Egypt (CBE) had posted that Egypt’s core annual inflation retreated to 11.59% in March 2018, compared to 11.88% a month earlier.
