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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 …
High prices, inflation increase not behind CBE’s decision to keep pound’s price against US dollar: analysts
The devaluation of the Egyptian pound against the US dollar is one of the biggest reasons behind the price increase, but not the sole reason
In Cartoon: Inflation puts pressure on Egyptians
Challenges in Egypt’s economic recovery remain
According to a report published by Atradius, growth rates are expected to remain subdued due to inflation as well as regional and global economic challenges
Inflation rises to 14.8% in June 2016: CAPMAS
CPI is a measure of changes in the purchasing power of currency and the rate of inflation.
Eurozone inflation back in positive territory
Consumer prices in the 19-member eurozone have gone up only slightly, but enough to reach positive territory again after months of below-zero inflation. It’ll give the European Central Bank some breathing space.
German inflation picks up moderately
Inflation in Germany has gone up a bit recently, reflecting a trend reversal in energy prices and higher prices for services. But economists are far from sounding the all clear after the latest statistical data.
Increasing interest rates: controlling inflation or increasing deficit and debt burden?
The government’s current debt is projected to reach 11.5% (EGP 309bn) in fiscal year (FY) 2016/17
Al-Sisi’s mega projects: a road to growth or to inflation?
Al-Sisi announced on Friday that the state is currently managing several national mega projects that have been executed by more than 1,000 companies and nearly 2 million Egyptian workers.
Eurozone inflation remains stuck below zero
For a second month in a row, Europeans had to pay less for goods and services than a year ago, with falling prices for energy leading the slide.
Egypt’s economic situation remains far from rosy: FocusEconomics
The GDP is expected to be $311bn in FY 2015/2016 and to reach $327bn in FY 2016/2017, says the report
Annual inflation rate rises to 10.9% in April: CAPMAS
The agency said in its monthly report for inflation issued on Tuesday, that the annual consumer urban inflation index in April reached 182.6, registering an increase of 1.5% compared to March 2016
Egypt attempts to contain repercussions of pound’s devaluation on food commodities
Armed forces will secure commodities for citizens at prices 50% less than their market counterparts
Egypt’s economic growth expected to decrease to 3.3% in 2016: IMF
The report predicted a global economic growth of 3.3% during 2016. However, in January this fell by 0.2%
Inflation increases by 1.4% in March: CAPMAS
The annual inflation rate in March 2016 decreased to 9.2% compared to March 2015, says CAPMAS
Fed keeps rate, pares back future hikes
The Federal Reserve kept interest rates steady, while indicating that economic headwinds around the world means the central bank won’t raise rates as high as it had originally planned.
CBE devalues EGP amid concerns over inflation and budget deficit increase
The decision is expected to have far-reaching repercussions on the deficit and inflation of the state budget
Egypt’s annual urban consumer inflation declined to 9.1% in February
The rate of inflation is linked to the continued devaluation of the Egyptian pound against the US dollar
Real growth rate expected to decline to 3.7%: Prime Investment Research
The firm believes targeted level of budget deficit which amounts to EGP 242bn is unrealistic
Inflationary wave hits markets after dollar value appreciates to EGP 9.15 in exchange offices
CI Capital has predicted a high average inflation rate, ranging between 11% and 11.5% in 2016 and Prime Investment expects the inflation rate will reach 10.8%
Revisions to forecasted GDP growth rate show continued decline: FocusEconomics
In its January report, FocusEconomics lowered the GDP forecast to 3.6%, after it predicted a rate of 3.8% in its December report. Additionally, the company expects Egypt’s GDP growth rate for the fiscal year 2017 to reach 4.2%
Seasonal fall in vegetable prices behind decline in inflation in January
Value-added, reduction of imports, and depreciation of the pound stand behind curbing inflation next year: Hermes
Another round of high inflation anticipated following new custom tariffs
Government custom revenues recorded 8.7% of total value of imports in first five months of FY 2015/2016
FocusEconomics reduces GDP growth forecast for Egypt
Inflation to average 9.8% in 2016, FocusEconomics monthly report says
Coordinating Council targets inflation rate lower that 10%
The government presents to the parliament a legislation package headed by VAT; Ismail said
Annual inflation rate increased by 0.1% in December
Expert predicts surge in foreign reserves, and decline of inflation rate following new import procedures
Annual inflation rises to 11.8% YoY in November
Figure compares to 8.5% registered in the same period the preceding year