Latest in Tag: inflation Highlight
Latest in Tag: inflation
Monetary Policy Committee’s decisions regarding interest rate have been appropriate, consistent with achieving target inflation of 7% (±2) on average by 2020 end
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the annual rate of urban inflation rose to 4.9% at the end of June 2021, compared to 4.8% in May. On a monthly basis, the country’s inflation in June was 0.2%, compared to 0.7% in May. In its monthly report issued on Thursday, …
Annual headline inflation accelerated in May, mostly driven by higher annual contribution of volatile food items
Monthly headline urban inflation registers 0.9% in April 2021
Annual core inflation computed by CBE records 3.3% in April 2021
Reforms will provide about 400k-460k job opportunities annually, whilst increasing employment in SMEs to 61.5% by 2024: Hala El-Said
Annual inflation for entire country records 4.8% for March 2021
Vegetable prices fell by 23.6% for second consecutive month
The annual core inflation rate computed by the Central Bank of Egypt recorded 3.6% in January 2021, compared to 3.8% in December 2020.
Egyptian government’s investments in modernising agricultural methods and food supply chains has led to sustainable drop in food prices since October 2019: IMF
Government investments amounted to EGP 324bn over past two years, Madbouly told parliament
Real GDP growth records -1.7% in Q2 of 2020, before recovering to 0.7% during Q3 of 2020
Subsequent inflation target has been set at average of 7% (±2%) during Q4 of 2022, as announced in December 2020
Headline inflation records 5.1% in 2020, down from 8.5% in 2019
Central bank to continue using monetary policy tools to control inflation expectations, and to containing inflationary pressures from the demand side
Central Bank of Egypt to reduce interest rates by 50-100 basis points: Banking pundit Abdel-Aal
It added that the whole country’s CPI recorded 111.2 points for November, reflecting an increase of 1.1% on October.
Interest rate cut currently provides adequate support for economic activity, consistent with achieving price stability in medium term: MPC
In a report released on Sunday, the CBE revealed that the monthly core consumer prices recorded a monthly rate of 0.1% in September 2020, against -0.2% in August 2020, and -2.3% in September 2019.
Whole country’s CPI recorded 107.5 points for September
El-Said referred to the performance indicators of the Egyptian economy during FY 2019/20, and the extent of vulnerability to the novel coronavirus (COVID-19) pandemic. This was especially in light of the proactive decisions taken by the Egyptian government in recent years.
Annual headline urban inflation declines to 4.2% in July, from 5.6% in June 2020
Whole country’s CPI inched up to 107.8 points in July, registering a slight increase of 0.2% from June
The agency added, in its monthly inflation report, that the whole country’s CPI inched down to 107.5 points in June, registering a slight decrease of 0.1% from May.
Last month’s inflation reading below expectations, so interest rates may remain fixed until end of 2020, Pharos expects
CAPMAS explained that the consumer price index (CPI) totalled 107.7 points in May, registering an increase of 0.1% over April.
Standard Chartered raises its policy rate forecast to 9.25% for both FY20 and FY21
Annual headline inflation increased due to higher annual food contribution which offset lower contribution of non-food items
CBE to review interest rate Thursday in light of new inflation figures
Anticipated decline is based on favourable base-year impact, food price consolidation