inflation

Core Consumer Price Index inflation falls in January 2025: CBE

Tue, 11 Mar 2025 - 01:00 GMT

When viewed on an annual basis, Core CPI inflation saw a considerable drop, reaching 10.0 percent in February 2025, compared to 22.6 percent in January 2025

Egypt’s urban inflation falls in February, driven by food and beverages: CAPMAS

Mon, 10 Mar 2025 - 12:23 GMT

On a month-to-month basis, Egypt's urban inflation rate saw a more modest rise of 1.4 percent in February, compared to 1.5 percent in January.

Annual urban headline inflation hits lowest rate in 2 years: CBE

Tue, 18 Feb 2025 - 11:53 GMT

According to the Central Bank of Egypt (CBE), Egypt’s annual urban headline inflation remained stable at 24 percent in January 2025

Egyptian president instructs containing inflation, funding private sector

Tue, 31 Dec 2024 - 12:56 GMT

President Abdel Fatah El-Sisi held Tuesday a meeting with Prime Minister Mostafa Madbouli, Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, and Finance Minister Ahmed Kujuk.

Morgan Stanley: CBE to begin interest rate cuts in Q1 2025

Mon, 18 Nov 2024 - 03:16 GMT

The bank expects inflation to drop to around 15% in early 2025, with month-on-month inflation returning to levels seen before 2022.

Egypt's inflation eases to 1.5% in October 2024: CAPMAS

Sun, 10 Nov 2024 - 09:46 GMT

Egypt's inflation rate experienced a slowdown in October 2024. The consumer price index (CPI) reached 240 points, representing a 1.5% increase compared to September’s 2.3% rise

IMF’s Azour: Egypt on target to meet IMF program goals of recovery, inflation, FX

Thu, 31 Oct 2024 - 11:46 GMT

“The program is moving in the right direction and is gradually achieving its targets, both in terms of growth recovery and gradual decline in inflation, and a normal functioning of the foreign exchange market,” Azour said during a briefing in Dubai.

CBE: Annual headline inflation continues to decline, down to 25.2% in July

Thu, 15 Aug 2024 - 03:07 GMT

Annual core inflation also slowed to 24.4 percent in July, down from 26.6 percent in June, marking its lowest level since December 2022 and the fifth consecutive month of decline

Annual inflation rate deaccelerates to 25.2% in July: CAPMAS

Thu, 08 Aug 2024 - 09:55 GMT

The Consumer Price Index (CPI) for the total urban areas of Egypt stood at 226.7 points in July, indicating a 0.5 percent inflation compared to a higher 1.8 percent in June 2024.

CBE keeps key interest rates during Monetary Policy Committee meeting

Thu, 18 Jul 2024 - 05:08 GMT

Egypt's real GDP growth had slowed to 2.2 percent in Q1 2024, down from 2.3 percent in the previous quarter, according to the official release from the CBE

Annual headline inflation dips to 27.1% in June, annual core inflation falls to lowest level since 2022

Tue, 16 Jul 2024 - 10:26 GMT

Citing data released by the national statistics agency, the CBE noted a similar decline in monthly core inflation, which stood at 1.3 percent last month, down from 1.7 percent a year earlier.

Annual headline inflation falls to 27.4% as urban inflation reaches lowest level since Jan 2023

Mon, 10 Jun 2024 - 11:02 GMT

CAPMAS data revealed that May inflation was primarily fueled by a 28.90 percent year-on-year (YoY) increase in the food and beverage sector, driven by a 26.60 percent YoY uptick in meat and poultry prices

MPC decides to keep key policy rates unchanged: CBE

Thu, 23 May 2024 - 04:26 GMT

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to keep the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 27.25 percent, 28.25 percent, and 27.75 percent, respectively

Goldman Sachs raises its expectations for Egypt’s 2024 inflation rate by 2%

Tue, 14 May 2024 - 11:47 GMT

According to a research note seen by the Arab World News Agency (AWP), The revised forecast, up from its previous projection of 20 percent, was attributed to an unexpected rise in inflation in February

Egypt's annual headline inflation declines to 31.8% in April 2024: CAPMAS

Thu, 09 May 2024 - 09:04 GMT

The general consumer price index reached 223.6 points in April 2024. On a monthly basis, food and beverage prices decreased by 0.9 percent, while on an annual basis, they increased by 37.6 percent

Central Bank attributes March’s lowered inflation rate to significant drop in food inflation

Wed, 17 Apr 2024 - 04:58 GMT

A decrease in annual food inflation, which settled at 45 percent in March, its lowest since December 2022, was noted as a driving factor

Egypt's annual inflation declines to 33.1% in March

Mon, 08 Apr 2024 - 01:15 GMT

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).

Egyptian president makes key statements on inflation, regional crises

Thu, 21 Mar 2024 - 02:02 GMT

The statements were made during the Mother’s Day ceremony attended by the president and First Lady Intissar al-Sisi.

Egyptian president checks economic performance indicators

Wed, 20 Mar 2024 - 02:03 GMT

That is in light of the recent inflow of funding and investments as well as the investment promotion programmes implemented last year.

What should Egypt do to ensure steady FX inflows?

Mon, 11 Mar 2024 - 10:37 GMT

“Ensuring a flexible exchange rate system is one of the IMF’s prerequisites for the loan, and this is what the Central Bank of Egypt is focusing on,” Economic Expert Karim Nassar stated in an interview with Egypt Today.

More