Egypt's annual core consumer price inflation slowed to 10.7 per cent in August from 11.6 per cent in July, the central bank said on Wednesday, staying close to its lowest level in nearly two years. On a monthly basis, core CPI rose 0.1 per cent in August, after a 0.3 per cent decline in July and compared with a 0.9 per cent increase in August 2024. Core inflation, which strips out volatile items such as food and energy, is closely tracked by policymakers when setting interest rates. The full inflation bulletin is due for release on Sept. 15. The slowdown provides the central bank with more room to manoeuvre on monetary policy as it balances easing inflation with supporting economic growth. Attribution: Amwal Al Ghad English
