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Egypt plans core inflation index
- Egypt: Monday, October 26 - 2009 at 10:07
Egypt's central bank has said it will introduce a core inflation index, a measure that usually strips out potentially volatile items, such as food and energy, Reuters has reported. The index aims to help make forecasts in the country, which has sought to bring down price rises that peaked at more than 20% in 2008. 'The core inflation index is a very important tool that sheds lights on reasons inflation rates went up,' according to Rania al-Mashat, head of monetary policy division at the central bank.
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