February 13, 2017 / 4:13 PM / 5 months ago

Egypt's core inflation jumps to 30.86 pct yr/yr in Jan -c.bank

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CAIRO, Feb 13 (Reuters) - Egypt's annual core inflation jumped to 30.86 percent in January from 25.86 percent in December, the central bank said on Monday.

The jump is the third 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.

Egypt's annualised urban consumer price inflation also jumped to 28.1 percent in January from 23.3 percent in December, the official CAPMAS statistics agency said last week.

Writing by Amina Ismail

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