Egypt’s inflation rate slows down in November reaching 36.4%: CAPMAS

Sun, 10 Dec 2023 - 10:51 GMT

Furthermore, the monthly inflation rate for the total republic stood at 0.9% in November 2023, showcasing a positive trend in comparison to the 1.2% recorded in September 2023

Headline inflation slows to 35.8% as food and beverage inflation see slight drop

Sun, 12 Nov 2023 - 12:27 GMT

Driven by declining food and beverage price inflation, Egypt’s urban consumer price inflation also dropped to 35.8 percent last month from 38 percent in September

Monthly urban inflation hikes to 38%, with annual inflation rate witnessing slight decline

Tue, 10 Oct 2023 - 12:08 GMT

Egypt’s annual inflation rate declined to 38 percent in September, from August’s recorded 39.7 percent, CAPMAS revealed

Congruence among participants in National Dialogue's inflation session on lowering production costs

Wed, 06 Sep 2023 - 01:00 GMT

Participants in the National Dialogue's session on inflation and price hikes demanded Tuesday the detection of price manipulation and monopolistic practices.

Egyptian pound devaluation expected amid inflation concerns, interest rates rise: Capital Economics

Sun, 13 Aug 2023 - 07:33 GMT

Capital Economics projects that the Egyptian pound will depreciate to 35 per dollar by the close of 2023, marking a 12 percent devaluation from its current rate of 30.95 per dollar.

Government must continue crisis mitigation, economic reforms: Egyptian president

Sun, 06 Aug 2023 - 02:00 GMT

President Abdel Fatah al-Sisi held a meeting Sunday to learn about the updates of the country's economic performance which has been influenced by global challenges.

AfDB highlights Egypt’s easing inflation, lowers avg. inflation rate forecast for next FY

Mon, 29 May 2023 - 12:26 GMT

This is lower than the previously forecasted 20 percent, with AfDB pointing to “high food and nonfood prices and the devaluation of the Egyptian pound"

Egypt's urban inflation approaches its all-time high in March at 32.7%

Mon, 10 Apr 2023 - 02:48 GMT

On a monthly basis, inflation recorded 166.5 points in March 2023, recording a 3.2 percent increase compared to March 2023, according to the state-statistic body’s data.

Egypt's urban inflation reaches its highest rate in 5.5-years at 31.9%

Thu, 09 Mar 2023 - 03:11 GMT

According to the state-statistic body’s data, the annual inflation rate rose to 32.9 percent in February 2023, compared to 26.5 percent in January 2023, and 9 percent in February 2022.

Egypt's urban inflation reaches its highest rate in 5-years at 25.8%

Thu, 09 Feb 2023 - 02:24 GMT

According to the state-statistic body’s data, the annual inflation rate rose to 26.5 percent in January 2023, compared to 8 percent in the same month of prior year.

World Economy to Undergo Intricate Phase in 2023

Wed, 25 Jan 2023 - 05:54 GMT

The right monetary and fiscal policies are the only way to safety

Egypt's central bank sets new targets for inflation rates

Thu, 22 Dec 2022 - 08:58 GMT

The CBE set an average rate of 5 percent (±2 percent) for the targeted inflation rates during the fourth quarter of 2026.

Egypt's urban inflation reaches its highest rate in 5-years at 18.7%

Thu, 08 Dec 2022 - 11:55 GMT

This is the highest level of inflation recorded in Egypt since December 2017, when it recorded 21.9 percent, a month after the Central Bank of Egypt, led by its former president Tarek Amer, liberalized the exchange rate of the pound in November 2017.

Egypt's annual inflation rises to 16.3% in October, urban inflation reaches 16.2%

Thu, 10 Nov 2022 - 11:55 GMT

On a monthly basis, inflation recorded 137.2 points in October 2022, recording a 2.5 percent increase compared to September 2022, the CAPMAS said.

Banking experts: CBE's decisions back efforts to contain inflation

Thu, 27 Oct 2022 - 03:17 GMT

The CBE has decided to set the overnight lending rate at 14.25 percent and the overnight deposit rate at 13.25 percent.

Egypt’s Economic Conference to kick off Sunday to discuss future of economy amid global crises

Sat, 22 Oct 2022 - 12:25 GMT

The Egyptian Economic Conference 2022 will kick off on Sunday to discuss the situation and future of Egypt’s economy amid consecutive economic crises across the world.

Consumer inflation hits highest record of 15% in 4 years: CAPMAS

Tue, 11 Oct 2022 - 12:57 GMT

The annual urban consumer inflation in Egypt is at its highest of 15 percent in four years, according to Monday data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Egypt's annual inflation rises to 15.3% in August, urban inflation reaches 14.6%

Thu, 08 Sep 2022 - 09:17 GMT

On a monthly basis, inflation recorded 131.7 points in August 2022, recording a 0.5 percent increase compared to July 2022, the CAPMAS said.

How Egyptian government lowered prices of barley rice to make it affordable

Mon, 29 Aug 2022 - 07:43 GMT

The Egyptian government issued a decree, per which farmers shall deliver barley rice during the current season and until mid-December, to make it available for the public on the ration cards.

Egypt's annual inflation rises to 14.6% in July, urban inflation reaches 13.6%

Wed, 10 Aug 2022 - 02:40 GMT

The annual urban inflation rate also hiked in July to 13.6 percent, compared to 13.2 percent in June, according to the state-statistic body’s data.