Latest in Tag: inflation Highlight
Latest in Tag: inflation
US Congress freezes further aid to Egypt
IMF may offer a ‘bridge loan’ to Egypt in the meantime as short term financing solution
Egypt records highest core inflation rate since 2010
CAPMAS and Central Bank of Egypt figures reveal rise in inflation, foreign exchange reserves reduced to $13.5bn by the end of February
Egypt hit with price hikes and rising inflation
Inflation rises 1.8% as Egyptians struggle to make ends meet
Rebel Economy
Guide to the end of the world (or explanation of currency devaluation)
For the seventh time: CBE fixes interest rates on deposits and loans
In its meeting Thursday, the monetary policy committee in the Central Bank of Egypt has decided to fix the interest rates on deposits at 9.25 per cent and on the one night lending at 10.25 per cent for the seventh time since February, in an attempt to maintain the bank’s monetary policy and to control …
Ethiopia’s new leader takes office
Hailemariam Dessalegn assumes role as Ethiopian leader
Protests and strikes against recession in Palestine
PM promises to reduce prices by cutting salaries of ministers and officials
Spain expects ECB to intervene in euro crisis
Spain on the verge of seeking a sovereign bailout
Jordan goes back on fuel price hikes
Proposed 10% rise in fuel prices stooped by King Abdullah II
Jordanians protest skyrocketing fuel prices
Ten percent fuel price hike sparks outrage in Amman
Central Bank: annual inflation rate dropped by 6.34 percent during last month
The Central Bank of Egypt (CBE) announced that the primary annual inflation rates in Egypt declined by 6.34 percent last July, compared to 7.04 percent last June. In a statement last Thursday, CBE announced that the monthly inflation rate increased to 0.58 percent last July, compared to 0.28 percent the preceding month. The inflation indicator …
Iran to cut spending to help sanctions-hit economy
Iran agrees on a budget cut, to overcome the western sanctions.
Iran to cut spending to help sanctions-hit economy
Iranian Economy Minister said “we agreed to cut budget spending … and focus on domestic production.”
China’s inflation slows to 29-month low
Beijing (AFP) — China’s inflation slowed in June to its lowest level in 29 months, official data showed Monday, giving the government more flexibility in its efforts to reboot the world’s second-biggest economy. The country’s consumer price index (CPI) rose by 2.2 percent year-on-year in June, the National Bureau of Statistics said, down from 3.0 …
Egypt urban inflation dips to 9 pct in year to March
By Sherine El Madany / Reuters CAIRO: The urban consumer inflation was 9 percent in the 12 months to March, down from 9.2 percent in February, figures on Egypt’s state statistics agency showed on its website on Tuesday. The urban consumer price index for March was 122.6 versus 112.4 a year earlier, the state statistics …
Egypt core inflation 7.3 pct in February
By Reuters CAIRO: Egypt’s core consumer price inflation quickened to 7.3 percent in the 12 months to February from 6.86 percent in January, the central bank said on Sunday. Core inflation strips out subsidized goods and volatile items including fruit and vegetables. The state statistics agency CAPMAS said on Saturday that urban consumer price inflation, …
Egypt inflation eases slightly, economist warns of stagflation
CAIRO: Egypt’s urban consumer inflation reached 8.6 percent in the year to January, down from 9.6 percent in December, as analysts said the numbers are much lower than expected given the country’s current economic woes. According to the Central Agency for Public Mobilization and Statistics, headline CPI rose 0.15 percent month-on-month in January after dropping …
Central Bank keeps rates steady, warns of inflation
CAIRO: Egypt’s central bank left its benchmark overnight deposit and lending rates unchanged on Thursday, saying economic growth remained feeble yet warning that local supply bottlenecks could cause inflation to speed up. Some economists had expected the central bank to increase rates to dampen accelerating inflation and attract funds to the country’s financial system. Headline …
Egypt inflation rise deepens challenge for Cabinet
CAIRO: Inflation in Egypt’s faltering economy accelerated in November, putting pressure on the new government to help millions of poor whose living costs were pushed up by supply chain failures even as incomes have been stagnating. Urban consumer prices climbed 9.1 percent in the 12 months to November, up from 7.1 percent in October, the …
Egypt urban inflation slows to 7.1 pct in October
CAIRO: Egypt’s urban consumer inflation slowed to 7.1 percent on an annual basis last month from 8.2 percent in September, Egypt’s state statistics agency said on Thursday. The urban consumer price index for October was 119.2 versus 111.3 a year earlier, the agency CAPMAS said. Meanwhile, core consumer price inflation declined to an annual 7.6 …
Egypt’s core inflation rises to 7.95 pct in Sept
CAIRO: Egypt’s headline inflation eased last month as slowing food price growth offset a faster increase in housing costs, government figures showed on Monday, and economists forecast the central bank will hold key lending rates steady this week. Urban consumer price inflation, the most closely watched indicator of prices, eased to 8.2 percent in the …
Cost inflation to rain on cement makers’ results
Some of the world’s largest cement makers report first-quarter earnings on Thursday with investors concerned that energy and materials inflation will spoil the industry’s recovery.