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Tuesday, 11 October 2016

Headline inflation rate drops to 14.1% in September

HEADLINE INFLATION DOWN, core inflation up in September: Egypt’s headline annual urban consumer inflation rate dropped to 14.1% in September from 15.5% in August, Reuters reported. The rate dropped for the first time since March, Bloomberg says, despites economists’ warning that the rate could jump to up 20% by year-end. Core inflation rates increased to 13.9% for the month, up from 13.3% in August, according to a statement from the central bank. Disambiguation: Bloomberg’s Ahmed Feteha filed a separate report the same day, noting that core inflation is up to a new record; the first piece covers headline inflation. Reuters also noted in a separate piece that core inflation is up to a “post-2009 peak.”

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