Egypt's core inflation jumps to 25.86pc yr/yr in Dec

CAIRO: Egypt's annual core inflation jumped to 25.86 percent in December from 20.73 percent in November, the central bank said on Tuesday.

The jump is the second in as many months since the central bank ditched its peg of 8.8 Egyptian pounds to the dollar on Nov.3, floating the currency and allowing it to roughly halve in value.

Annual urban consumer price inflation also jumped for the second month since the float to 23.3 percent from 19.4 percent in November, the official CAPMAS statistics agency said earlier on Tuesday.