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Latest in Tag: inflation

Egypt’s annual inflation rate dropped to 13.6% y-o-y in August, down from 33.2%

The Central Agency for Public Mobilisation and Statistics (CAPMAS) stated on Thursday that Egypt’s annual inflation rate dropped to 13.6% year-over-year down from 33.2% in August, 2017. The consumer price index increased by 1.7% month-over-month, recording 294.9 points last month, according to the CAPMAS. Notably, inflation dropped in July compared to June, registering at 13.8%, affected by decisions …

Daily News Egypt

Turkish central bank to act on record inflation

Turkey’s central bank has pledged to take action after the annual inflation rate hit the highest level since 2003. The weak lira has seen consumer prices increase rapidly lately, and the worst may not be over yet.Official data from Turkey showed Monday that the country’s year-on-year inflation rate stood at 17.9 percent in August. Inflation …

Deutsche Welle

2.5% increase in inflation rate in July: CAPMAS

The inflation rate stood at 289.9 points in July, at a 2.5% rise compared to June, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Thursday. CAPMAS said the annual inflation rate stood at 13% in July compared to 34.2% in the same month in 2017. CAPMAS attributed the rise in inflation …

Daily News Egypt

Inflation rises to 14.4% in June in line with expectations

Egypt’s annual inflation rate rose significantly in June to 14.4%, increasing from 11.4% in May, the Central Bank of Egypt (CBE) announced on Tuesday. The increase was due to a rise in food prices by 10% compared to an increase of 8.6% in May, in addition to the 55% hike in transportation sector on the …

Mohamed Samir