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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 …
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
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
CPI is a measure of changes in the purchasing power of currency and the rate of inflation.
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.
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.
The government’s current debt is projected to reach 11.5% (EGP 309bn) in fiscal year (FY) 2016/17
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.
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.
The GDP is expected to be $311bn in FY 2015/2016 and to reach $327bn in FY 2016/2017, says the report
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
Armed forces will secure commodities for citizens at prices 50% less than their market counterparts
The report predicted a global economic growth of 3.3% during 2016. However, in January this fell by 0.2%
The annual inflation rate in March 2016 decreased to 9.2% compared to March 2015, says CAPMAS
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.
The decision is expected to have far-reaching repercussions on the deficit and inflation of the state budget
The rate of inflation is linked to the continued devaluation of the Egyptian pound against the US dollar
The firm believes targeted level of budget deficit which amounts to EGP 242bn is unrealistic
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%
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%
Value-added, reduction of imports, and depreciation of the pound stand behind curbing inflation next year: Hermes
Government custom revenues recorded 8.7% of total value of imports in first five months of FY 2015/2016
Inflation to average 9.8% in 2016, FocusEconomics monthly report says
The government presents to the parliament a legislation package headed by VAT; Ismail said
Expert predicts surge in foreign reserves, and decline of inflation rate following new import procedures
Figure compares to 8.5% registered in the same period the preceding year
“If you can live on EGP 2, so can we,” citizen says to Minister of Justice
Monthly inflation rate increased by 2.3% in October compared to September