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Egypt’s core inflation steady at 1.9% in March – CBE

Egypt’s core inflation steady at 1.9% in March – CBE
Core inflation excludes volatile items

Cairo – Mubasher: Egypt’s annual core inflation rate stabilised at 1.9% in March, the Central Bank of Egypt (CBE) said in a statement on Thursday.

The consumer price index (CPI) registered 0.4% last month, compared to 0.5% in March 2019 and 0.2% in February 2020, data showed.

Core inflation excludes volatile items such as those from the food and energy sectors.

Earlier on Thursday, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the country’s annual headline inflation rose to 105.8 points in March, compared to 105.2 points in February.