inflation

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.

Month-on-month inflation in Egypt records negative rate for 1st time in 2022

Mon, 11 Jul 2022 - 02:54 GMT

The Cabinet declared Monday that month-on-month inflation dropped for the first time in six months in spite of the continuing repercussions of the Russia-Ukraine War.

Egypt's annual inflation decline for 1st time in 7 months, records 14.7% in June

Thu, 07 Jul 2022 - 02:17 GMT

A decline in the inflation rate does not mean that prices have fallen, however, it does mean that prices have risen at a slower pace.

Egypt's annual inflation records 15.3% in May, urban inflation reaches 13.5%

Thu, 09 Jun 2022 - 03:34 GMT

On a monthly basis, inflation recorded 130.2 points in May 2022, recording a 3.9 percent increase compared to April 2022, the Central Agency for Public Mobilization and Statistics (CAPMAS) said.

In figures: How Russia-Ukraine crisis affected Egypt’s economic growth

Thu, 09 Jun 2022 - 11:21 GMT

This review shows indicators of Egypt’s economic growth rates before and after the Russian war on Ukraine.

Moody’s changes its outlook of Egypt to negative from stable

Fri, 27 May 2022 - 12:54 GMT

The agency attributed the change in its outlook to the inflation in the food prices, saying that if the government could not mitigate such raises in prices, it would cause “social tensions,” despite the foreign financial support of the Gulf States Council (GCC) and the prospect of a new IMF program.

Egypt's annual inflation records 14.9% in April, urban inflation reaches 13.1%

Tue, 10 May 2022 - 10:34 GMT

As for urban inflation, it surged in April to 13.1 percent, compared to 10.5 percent in March.

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