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Know the difference between the statistics body's inflation number and what the Central Bank announces


The inflation rate is one of the most important indicators that economists are waiting for, because of its importance that reflects the rates of change in the prices of a group of basic goods and services on a monthly and annual basis.


The Central Agency for Public Mobilization and Statistics is obligated to issue the general consumer price index at the level of the republic on the tenth day of every month, and the Central Bank of Egypt issues the basic inflation rate on the same day, so what is the difference between the inflation rate announced by the Central Agency for Public Mobilization and Statistics, and core inflation Announced by the Central Bank of Egypt.


Mina Noshy, a statistical researcher for consumer price index numbers at the Central Agency for Public Mobilization and Statistics, explains that the general consumer price index at the level of the Republic, which is announced by the Central Agency for Public Mobilization and Statistics, includes all the basket of goods and services that are tracked and their variables calculated, while core inflation is the same basket Goods and services after excluding fast-changing goods such as vegetables and fruits, and goods whose prices are set administratively, such as gasoline, diesel, electricity, water and natural gas.


Inflation results from a calculation resulting from the consumer price index, and the consumer price index is a statistical number that measures the average change in the prices of a basket of goods and services between two time periods.


The calculation of the consumer price index measures two rates of inflation, the first is the monthly inflation rate, in which the average change in the prices of a basket of goods and services “index” is measured between a current month and another previous month, and the annual inflation rate is compared to the average change in the prices of a basket of goods and services in a current month, compared to the same month in the previous year.


The data of the Central Agency for Public Mobilization and Statistics, over a period of 10 years, monitored a decline in annual inflation rates from 2011 to 2020, where it recorded 10.5% annual inflation in 2011, and reached 5.1% annual inflation rate in 2020.

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