Monthly headline urban CPI inflation, published by the Central Agency for Public Mobilization and Statistics on October 10, 2023, recorded 2.0 percent in September 2023 compared to 1.5 percent in the same month of the previous year and to 1.6 percent in August 2023. Accordingly, the annual headline inflation rate recorded 38.0 percent in September 2023, compared to 37.4 percent in August 2023. Monthly core CPI inflation, computed by the Central Bank of Egypt, recorded 1.1 percent in September 2023 compared to 1.6 percent in the same month of the previous year and to 0.3 percent in August 2023. Accordingly, the annual core inflation rate recorded 39.7 percent in September 2023, compared to 40.4 percent in August 2023. Inflation statistics are available on the CBE’s website https://www.cbe.org.eg/en/.
Source: IBP