Informal sector reported strong performance in Q1 of full year 2020
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Naeem’s estimates do not take into account Kima’s new factory commencement in March
Current headline inflation rate stands at 5.3%, core inflation at 1.9%
The continued freeze follows on from the MPC’s slashing of policy rates by 300bps at an emergency meeting on 16 March.
Recollecting inflation for April, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS) and the Central Bank of Egypt, the annual headline (Urban) CPI dropped to 13%, compared to 14.2% in March