Egypt’s core inflation rate slowed to 11.2 percent year-on-year in January, down from 11.8 percent in December, according to a statement released today by the Central Bank of Egypt (CBE).
Signs of relief on Egypt’s price front © Mena Today
Egypt’s core inflation rate slowed to 11.2 percent year-on-year in January, down from 11.8 percent in December, according to a statement released today by the Central Bank of Egypt (CBE).
The moderation signals a gradual easing of underlying price pressures, excluding volatile items such as food and energy.
Analysts view the decline as an indication that the tight monetary stance adopted by the central bank over recent months is beginning to have an effect on demand and inflation expectations.
Despite the slowdown, inflation remains elevated, reflecting lingering pressures from currency depreciation, import costs and broader structural challenges in the Egyptian economy.
The CBE has maintained a cautious policy approach, keeping interest rates high in an effort to anchor inflation and stabilize the local currency.
The latest figures will likely feed into upcoming monetary policy discussions, as authorities balance the need to curb inflation against supporting economic growth.
For households and businesses, the easing trend offers cautious optimism, though price levels remain a concern in daily economic life.
Israel reopened the border between Gaza and Egypt on Monday for a limited number of people on foot, allowing a small number of Palestinians to leave the enclave and some of those who escaped the war to return for the first time.
Gaza's main border crossing in Rafah will reopen for Palestinians on Monday, Israel said, with preparations underway at the war-ravaged enclave's main gateway that has been largely shut for almost two years.
As the blue-and-white tram carriages rattle into a large square in the heart of Alexandria, doors creak open to a crush of passengers, many of whom can recite every stop by heart.
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