FINANCIAL NEWS

Egypt’s core inflation up 9.7 percent in February

11 Apr 2014

(MENAFN) Annual core inflation of Egypt has boosted by 9.7 percent in February, according to Gulf Daily News.

Egypt’s official statistics agency CAPMAS said that annual consumer inflation rate hit 9.8 percent last month, reporting a stable rate compared to a month earlier.

Annual inflation had reached its highest rate in nearly four years in November but has been falling back since then.

The central bank said that the country’s M2 money supply grew by 17.02 percent in twelve months to the end of February.

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