CAPMAS
Egypt's annual inflation rate declined to 33.1 percent during the month of March, compared to 36 percent during the month of February, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt's general consumer price index (CPI) reached 221.6 points in March 2024, with the monthly inflation rate standing at 1 percent during the same period, in contrast to 11 percent in February 2024
It noted that the index for the beverage industry rose to 225.74 during January 2024 compared to December 2023, where it reached 182.81, with an increase of 23.48 percent, in line with market needs.
The data from CAPMAS revealed that the value of exports experienced a decline of 15.6 percent during January 2024, amounting to $3.46 billion, compared to $4.10 billion in January 2023.
Italy and India were noteworthy as well, as Egypt imported goods worth $3.2 billion each from these countries. Additionally, Brazil's imports amounted to $3 billion, while Turkey and Kuwait had imports valued at $2.8 billion and $2.7 billion, respectively.
During December 2023, the value of Egypt's exports declined by 23.0 percent, to record $3.48 billion, in contrast to $4.52 billion in the same month of 2022.
CAPMAS further reported that the monthly inflation rate for February 2024 soared to 11.0 percent, compared to 1.7 percent in January 2024
Barakat further explained that four children are born every minute in Egypt, resulting in 5,600 newborns daily, equivalent to roughly one birth every 15 seconds.
Breaking down the specifics, iron and steel exports surged by 65 percent to reach $2.3 billion in 2023, compared to $1.4 billion in 2022
The number of fire incidents nationwide decreased to 45,435 incidents in 2023, compared to 49,341 incidents in 2022, a decrease of 7.9%, CAPMAS added.
The unemployment rate was 7.1 percent in the third quarter of 2023 and 7.2 percent in the corresponding quarter of 2022.
According to CAPMAS, Turkish investments in Egypt amounted to $167.2 million in the Fiscal Year 2022/2023 (FY22/23), marking a 7.1 percent decline compared to the previous FY21/22 when it reached $179.9 million
Annual urban consumer price inflation (CPI) fell to 29.8 percent in January, dropping from 33.7 percent in December, wrote CAPMAS in its monthly bulletin
During the first 11 months of 2023, the value of Egyptian exports to Libya increased to record $1.6 billion, compared to $1.1 billion during the same period in 2022, an increase of 48 percent
CAPMAS also showed that Egypt’s exports decreased by 20.6 percent reaching $3.21 billion during November 2023 compared to $4.04 billion during the same month of the previous year
During the first 11 months of 2023, Egypt's exports to Russia valued at $469 million, showing a decrease of 13.7 percent, compared to $543 million in 2022
During the first 11 months of 2023, the volume of trade exchange between Egypt and Somalia Surged by 26.5 percent, to record $56.3 million, compared to $44.5 million during the same period in 2022
The latest data reveals a slowdown compared to the 2.9 percent growth witnessed in the fourth quarter of the fiscal year 2022/2023.
Egypt’s urban consumer price inflation (CPI) dropped to 33.7 percent in December from November’s 34.6 percent, while prices climbed 1.4 percent month-on-month in December compared to a rise of 1.3 percent the month prior
According to a statement issued, Sunday, the total value of operations conducted by public sector companies reached LE 59.4 billion in the fiscal year 2021/2022, compared to LE 43.6 billion in the fiscal year 2020/2021.
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