inflation
On a monthly basis, inflation recorded 112.9 points in May 2021, marking an increase of 0.6 percent compared to April 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) said.
Goldman Sachs noted that Egypt, Russia and Ukraine have been able to post a decline in inflation rates during April, pushed by low food prices.
On a monthly basis, inflation recorded 110.9 points in March 2021, compared to 110.3 points in February 2021
Hala El-Said added in a statement, Wednesday, that PMI for Egypt rose by about 20 points from its lowest level in April during the peak of coronavirus pandemic
On a monthly basis, inflation recorded 110.3 points in February 2021, marking an increase of 0.1 percent compared to January 2021.
Inflation recorded 110.2 points in January 2021, marking a decrease of 0.4 percent compared to December 2020.
The report included infographics highlighting the economic reform program's success in slashing the annual inflation rate and keeping it within the target range of the Central Bank of Egypt (CBE).
In December 2020, inflation hit 6 percent, compared to 6.8 percent in the same month of prior year.
The discount rate was also cut by 50 basis points to 8.75 percent.
On a monthly basis, inflation recorded 109.9 points in October 2020, marking an increase of 2.3 percent compared to September 2020,
The unemployment rate plunged by 7.7 percent from January to March 2020, she said, noting that the flow of foreign direct investments rose by 19 percent from July to December 2019.
Egypt managed to repay $35 billion in debt despite the economic repercussion of the coronavirus crisis, and provided 5 million jobs over the past five years, said governor of the Central Bank of Egypt (CBE).
The American news agency stated that consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.
On a monthly basis, inflation recorded 107.8 points in July 2020, marking an increase of 0.2 percent compared to June 2020.
The cabinet attributed the decline of inflation to the decrease in food prices.
On a monthly basis, inflation recorded 107.5 points in June 2020, marking decrease of 0.1 percent compared to May 2020.
Core inflation discounts or strips out certain categories that are considered more volatile.
On a monthly basis, inflation recorded 107.7 points in May 2020, marking an increase of 0.1 percent compared to April 2020.
At the urban level, the annual inflation rate for April 2020 rose to 5.9 percent, up from 5.1 percent in March.
In Jan. 2020, Egypt's annual inflation reached 6.8 percent.
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