Latest in Tag: inflation Highlight
Latest in Tag: inflation
Central Bank of Egypt says food major driver of December 2022’s inflation of 21.3%
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021
Strikes in Britain fueled by high inflation, take huge economic toll
The first week of 2023 is marked by further strikes as workers of the Rail, Maritime and Transport union began their two 48-hour strikes from Tuesday and Friday and the train employees’ union Aslef has called strike for Thursday. Passengers, including those returning to work after the festive break, were warned to expect significant disruption as only a limited number of trains will run.
Egypt strives to maintain economic stability amid high inflation, currency devaluation
As the most populous Arab country and one of the world’s largest importers of wheat, Egypt’s economy has been particularly overshadowed by soaring global commodity prices since the conflict’s breakout in February 2022.
CBE sets new inflation target until 2026
4Q 2024 inflation target stands at 7% (±2%), 5% (±2%) in 4Q 2026
CBE throws light on Egypt’s high inflation in November 2022
November’s high inflation was mainly caused by 27 October currency devaluation, continued repercussions of Russian-Ukrainian conflict
Property buyers hedged against inflation, currency devaluation by investing in real estate: JLL
The residential sector witnessed higher levels of sales activity in Q3
Controlling inflation is Egypt’s main concern, not exchange rate: Madbouly
“Currency devaluation may be a measure to boost investments and support the economy,” he stressed.
Annual core inflation continues its upward trend recording highest rate since December 2017: CBE
Non-food inflation continues to increase for 11th consecutive month recording highest rate since May 2019
Egypt’s annual urban headline inflation rises to 15% in Spetember
This is its highest level since November 2018
Central Bank to update inflation target in coming period: Source
CBE aims to reach single-digit inflation in medium term, expecting it to decline by 2H 2023
US inflation ravages stock markets globally
EGX indices collectively decline
Dow sinks over 1,000 points after Powell vows tough inflation battle
The Dow Jones Industrial Average plunged 1,008.38 points, or 3.03 percent, to 32,283.40. The S&P 500 tumbled 141.46 points, or 3.37 percent, to 4,057.66. The Nasdaq Composite Index shed 497.56 points, or 3.94 percent, to 12,141.71.
Central Bank of Egypt justifies high inflation in July 2022
July’s inflation was mainly impacted by increase of core food, retail, and service prices
Annual urban inflation in Egypt increases to 13.6% in July 2022
Monthly core inflation, computed by CBE, records 1.5% in July 2022
Opinion| Are you worried about rising prices and inflation?
A globally shared event, the COVID pandemic made illness, survival, and livelihoods a significant focus of attention. Disrupting global trade, its impact on households and businesses continues through higher prices and less product availability. It has left no one without some sort of worry.
CBE to decide key interest rates Thursday amid rising inflation
Some expect rates to remain unchanged following recent rise, while others expect further increase due to hiking inflation
Annual urban inflation in Egypt hits three-year high in May driven by price hikes of water supply, subsidised vegetable oils, rice
Inflation continues to be affected by depreciation of exchange rate, repercussions of Ukraine war which led to higher international food prices
Egypt works hard to contain current, future inflation, maintain jobs, investments: CBE Governor
During the opening of the 29th Afreximbank Annual Meetings on Wednesday, Amer said: “We are happy that we still have inflation under reasonable control, considering the global inflation, however, we keep thinking about solutions for the unprecedented crisis in the world.”
Gold prices drop after 1-month high due to US inflation data
USD continues increasing against major currencies
IDH seeks to increase stock of raw materials as hedge against inflation
Company has stockpile of up to 3 months, seeks to add more: El-Sherbiny
Decision to raise interest rate was expected, necessary to control inflation rates: General Division for Communications
Saeed added that the communications and information technology sector will be slightly negatively affected by these decisions after the high operating costs, pointing to the importance of the government providing a new package of investment incentives to encourage investors, manufacturers, and producers to pump more investments into the market over the coming period.
Annual urban inflation jumps to 13.1% in April 2022: CAPMAS
Monthly core inflation records 2.4% in April 2022
Positive expectations for the performance of food producers despite inflation and interest rates
12.6% increase in food prices between February and last March: FAO
Inflation, currency fluctuation create opportunities for world firms to invest in Egypt’s real estate sector
‘We are looking forward to having approximately 100 companies in Cityscape Egypt 2022, says Alexander Edwards
Annual urban inflation jumps to 10.5% in March 2022: CAPMAS
Annual core inflation increased to 10.1% in March 2022: CBE
Why Egypt’s annual inflation jumps to 32-month high in February 2022?
CBE attributes increase in annual urban inflation to strong monthly food dynamics in February
Ukraine crisis will affect Middle East due to high inflation: Arab League
According to a statement issued by the AL, Aboul-Gheit praised the efforts of the ESCWA and its keenness to strengthen cooperation with the AL to achieve the goals of sustainable development.
Annual urban inflation rises to 8.8% in February 2022: CAPMAS
CPI up by 2% in February
Keeping policy rates unchanged remains consistent with achieving the CBE’s next inflation target
Domestic economic activity is expected to record robust growth figures along the near outlook horizon
CBE reveals reasons for high inflation in January 2022
Annual urban inflation increases to 7.3% in January 2022 from 5.9% in December2021 , highest rate since August 2019