Latest in Tag: inflation Highlight
Latest in Tag: inflation
Egypt’s annual urban inflation records 4.5% in March 2021: CAPMAS
Annual inflation for entire country records 4.8% for March 2021
CBE reveals commodity prices’ movements in January 2021
Vegetable prices fell by 23.6% for second consecutive month
Egypt’s annual urban inflation slows to 4.3% in January 2021: CAPMAS
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.
Egypt’s inflation records best level in 15 years during 2020: Cabinet
Egyptian government’s investments in modernising agricultural methods and food supply chains has led to sustainable drop in food prices since October 2019: IMF
Inflation in Egypt decreases to 5.7%, lowest in 14 years: Prime Minister
Government investments amounted to EGP 324bn over past two years, Madbouly told parliament
Egypt records 5% average headline urban inflation in 2020: CBE
Real GDP growth records -1.7% in Q2 of 2020, before recovering to 0.7% during Q3 of 2020
Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE
Subsequent inflation target has been set at average of 7% (±2%) during Q4 of 2022, as announced in December 2020
UPDATE: Egypt’s urban inflation falls to 5.4% in December 2020
Headline inflation records 5.1% in 2020, down from 8.5% in 2019
Central Bank of Egypt targets average inflation rate at 7% (±2%) in Q4 of 2022
Central bank to continue using monetary policy tools to control inflation expectations, and to containing inflationary pressures from the demand side
Increased inflation in November makes Egypt’s interest fate open to speculation
Central Bank of Egypt to reduce interest rates by 50-100 basis points: Banking pundit Abdel-Aal
Egypt’s urban inflation increases to 5.7% in November from 4.5% in October
It added that the whole country’s CPI recorded 111.2 points for November, reflecting an increase of 1.1% on October.
CBE expects inflation to average under 6% in Q4 2020
Interest rate cut currently provides adequate support for economic activity, consistent with achieving price stability in medium term: MPC
Egypt’s annual core inflation hits 3.3% in September 2020: CBE
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.
Egypt’s urban inflation rises to 3.8% in September: CAPMAS
Whole country’s CPI recorded 107.5 points for September
Egypt’s annual inflation rate hits lowest level in 14 years: Planning Minister
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.
CBE reveals reasons behind July inflation decline
Annual headline urban inflation declines to 4.2% in July, from 5.6% in June 2020
Egypt’s annual urban inflation declines to 4.2% in July: CAPMAS
Whole country’s CPI inched up to 107.8 points in July, registering a slight increase of 0.2% from June
Egypt’s annual urban inflation rises to 5.6% in June: CAPMAS
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.
Annual core inflation slows to 1.5% in May: CBE
Last month’s inflation reading below expectations, so interest rates may remain fixed until end of 2020, Pharos expects
Egypt’s annual urban inflation falls to 4.7% in May: CAPMAS
CAPMAS explained that the consumer price index (CPI) totalled 107.7 points in May, registering an increase of 0.1% over April.
Egypt’s headline inflation will decline to 4.9% in May: JP Morgan Securities
Standard Chartered raises its policy rate forecast to 9.25% for both FY20 and FY21
April inflation increased due to unfavourable base effects: CBE
Annual headline inflation increased due to higher annual food contribution which offset lower contribution of non-food items
Egypt’s annual urban inflation rises to 5.9% in April: CAPMAS
CBE to review interest rate Thursday in light of new inflation figures
Naeem expects 4.6% decline in April headline CPI-U inflation
Anticipated decline is based on favourable base-year impact, food price consolidation
As inflation slows, interest rates to be maintained: Beltone
The highest growing category annually remains education, showing a 28.5% y-o-y rise, followed by recreation and culture, as well as transportation, growing at 14.3 % and 13.4% y-o-y in March, respectively
Egypt’s annual core inflation on hold at 1.9% in March: CBE
The CBE added that its consumer price index (CPI) inched up to 0.4% in March, compared to 0.2% in February and 0.5% in March 2019.
Egypt’s urban CPI inflation falls to 5.1% in March: CAPMAS
As for the annual inflation, it fell to 4.6% in March, compared to 4.9% in the preceding month, and 13.8% in March 2019.
5.5% March inflation increase expected due to health, food indices upsurge: Naeem
Current headline inflation rate stands at 5.3%, core inflation at 1.9%
Potential inflationary pressures discourage further interest rate cuts: HC
Annual headline inflation down to 5.3% in February
Egypt’s annual urban headline inflation fall to 5.3%, annual core inflation decrease to 1.7% in February
Accordingly, the annual core inflation rate recorded 1.9% in February 2020, compared to 2.7% in January 2020.