CAIRO – 10 January 2021: The annual core inflation rate reached 3.8 percent in December, down from 4 percent in November, the Central Bank of Egypt (CBE) said in a statement. Core inflation discounts or strips out certain categories that are considered more volatile. On a monthly basis, inflation recorded 110.6 points in December 2020, marking a decrease of 0.5 percent compared to November 2020, the Central Agency for Public Mobilization and Statistics (CAPMAS) said. In December 2020, inflation hit 6 percent, compared to 6.8 percent in the same month of prior year. The sustainable development plan for 2020/2021 expected the inflation rate to increase to 9.8 percent if coronavirus crisis continued until December 2020.

Source: Egypt Today January 10, 2021 13:07 UTC