Inflation in Egypt at 32.9% in latest spike
The Egyptian government’s inflation statistics in February could prompt an interest rate increase when the central bank next meets.
Inflation in Egypt rose considerably in February, the Egyptian government said on Thursday.
The Egyptian Central Agency for Public Mobilization and Statistics said that annual headline inflation reached 32.9% in February, up from 25.8% in January. The year-on-year increase was even higher. Inflation was just 10% in February last year, according to a press release.
