Hossam Mounir

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Central Bank of Egypt justifies inflation hike during July 2021

Egypt’s annual headline urban inflation increased to 5.4% in July 2021, compared to 4.9% in June 2021, mainly affected by unfavorable base effects.  This comes as monthly headline urban inflation recorded 0.9% in July 2021, up from 0.4% in July 2020, which reflected the impact of the outbreak of COVID-19 on consumption patterns, especially food …

Hossam Mounir