Latest in Highlight
Latest in
Consumers confident despite inflation worries
2017 poised to tough for Egyptian consumers: Arqaam Capital
Inflation to reach 20-25% in FY17, driven by fuel subsidy cuts and increase in VAT rate
Obour Land executives discuss inflation, production with Al Borsa
Company opens two factories on area of 10,000sqm during H1 2017
Egyptians abandon imported products for local ones
With the dramatic rise in prices of imported products, Egyptians turned to their local market for alternatives
Inflation hike is temporary, expected to decline in the coming period, hence interest rate kept unchanged: MPC
CBE raised the interest rate by 3% on 3 November 2016 as prelude to hiking inflation
CBE maintains same interest rate
Having increased the interest rate three times in 2016, the CBE does not plan to raise it further
Annual rate of inflation hikes by 29.6%, monthly by 4.3%: CAPMAS
The annual rate of inflation hiked to 29.6% in January compared to January 2016. The rate had previously stood at an annual inflation rate of 24.3% during December 2016, according to the monthly report issued by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly rate recorded an increase of 4.3%, which was …
Egypt’s economy over 6 years
There are three variables in any economy which need to be reduced: inflation, unemployment, and debt; and three others which must be increased, including investment, growth, and export. There are also some intermediate variables that contribute to achieve those six goals, such as increasing the savings which help boosting investment and fighting poverty through reducing …
Food commodity price hikes push inflation to its highest since 2005: CBE
Recent CBE reports explain inflation hitting 25% at end of December 2016
Annual inflation rate records 24.3% in December, expected not to fall below 20%
The annual Inflation rate hiked to 24.3% in December, compared to 20.2% in November, according to a statement issued by the Central Agency for Public Mobilization and Statistics (CAPMAS). The statement issued on Tuesday attributed the increase of the inflation rate to price hikes in the food and beverage sector, as they registered an increase …
Inflation aggravates difficulties facing non-oil private sector
Emirates NBD Egypt PMI continues to signal decline amid steep inflation
Eurozone inflation climbs to three-year high
Inflation in the 19-member euro area has reached a new high.
German inflation ends 2016 on positive note
German monthly inflation rose more than expected in December, hitting the highest level in more than three years, and positively rounding off a dismal year for central bank efforts to push prices with monetary policy.
The illusion of subsidising
I belong to a generation that used to do well with a monthly allowance of EGP 3 in the 1980s during the first years of preparatory school. Once I enrolled in university, this allowance reached EGP 30, and it was enough for us to enjoy life. This generation had not imagined it would witness a …
Inflation rises to 19.4% in November
Inflation rises to 19.4% in November
Higher customs fees on 364 commodities unlikely to greatly affect inflation: experts
While experts agree that the government’s decision to increase customs duties on 364 types of imported products will not greatly affect the rate of inflation, their views differ when it comes to the timing and how this move will actually affect the state and its citizens. Abou Bakr Emam, the head of Prime Bank’s research …
Making ends meet as prices skyrocket
While price increases and inflation are inevitable for any country, in recent months Egypt has seen unprecedented price hikes which have severely impacted families’ cost of living. In the wake of the Egyptian pound flotation, subsidy cuts, and higher fuel prices, the average family’s monthly income does not stretch nearly as far as it used …
Interest rates remain unchanged by the CBE
Analysts expect these rates to remain unchanged for three to six months
Inflation rate increases by 1.8% in October: CAPMAS
The annual inflation rate reached 14% in October
30% hike in inflation rate in short term: Beltone Financial
The Central Bank of Egypt (CBE) announced on Thursday that it is floating the Egyptian pound completely, and banks will be free to quote whatever rates they decide on, for cash and transfer transactions. Despite the hardships, investment banks see a bright vision of Egypt’s economy in the near future. According to a statement released …
Eurozone inflation up amid economic recovery
Inflation in the 19-member eurozone has reached levels not seen for over two years, but is still far too low to satisfy governors at the European Central Bank.
Egypt’s unpaved road to austerity
“Just as we should never balance the budget on the backs of the poor, it’s an economic delusion to think you can balance it only on the wallets of the rich.” This seemed to be the beautified confession that the then UK chancellor of the exchequer and austerity guru George Osborne made to the Conservative …
Inflation down to 1.3% in September, compared to 1.9% in August: CAPMAS
The annual inflation rate in September changed to 14.6%, compared to 16.4% in August
‘Egypt’s human rights shouldn’t have western approach’: Al-Sisi tells US senators
The president has constantly undermined rights and freedoms’ issues; economic and social issues at stake
CBE ignores increasing inflation, keeps interest rate unchanged contrary to expectations
With this decision, the interest rate on deposit remains at 11.75% and the lending rate at 12.75%
Promises of reform: a story that could end happily, or in disaster
Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …
Inflation increases by 2% in August: CAPMAS
The consumer price index (CPI) for August registered an increase of 2% compared to July, CAPMAS reported on Thursday.
Oversupply of wheat comes at a time when Egypt needs it most
Reports show one of the highest yields in global wheat production driving export prices down at a time when Egypt is struggling with inflation, reserve shortage, and corruption
Inflation to increase to 15-16% by end of September after electricity price rise
Decrease in poultry prices limited the increase in the inflation rate in July, says CAPMAS
Inflation rate likely to rise next year: experts
Egypt’s core inflation rate climbed to its highest level in seven years in June, underscoring the challenges confronting the government as it grapples with a foreign-currency crunch. Annual core inflation, which excludes volatile items such as food, reached 12.3% in June, up from 12.23% in May and the highest since February 2009, according to the …