Latest in Tag: inflation Highlight
Latest in Tag: inflation
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
Egyptians ask minister if he can live on EGP 2 per day
“If you can live on EGP 2, so can we,” citizen says to Minister of Justice
Draghi flags QE boost amid weak inflation
ECB chief Mario Draghi has warned that signs of a return to healthy inflation levels are fading, announcing the central bank will re-examine the scale of its asset purchases to boost prices in the eurozone. In a new sign that the European Central Bank (ECB) could ramp up its controversial asset purchase program to boost …
Annual inflation increased by 10.3% in October
Monthly inflation rate increased by 2.3% in October compared to September
Yellen: ‘December rate hike possible, not certain’
Fed Chair Janet Yellen told lawmakers the US economy is “performing well” and a December rate hike could be justified. But she reiterated that the central bank’s monetary policy committee had not made a decision yet. Federal Reserve Chair Janet Yellen said a rate hike in December was a “live” possibility, but not a certainty. …
Armed forces to assist government bodies in lowering prices: Al-Sisi
Notable steps taken by end of November to address price increases
New CBE governor must balance between inflation, exchange rate, interest rates: Expert
The Egyptian pound will not rise because of a new governor, says Abdel Aal
Dollar rise amplifies prices of basic items
CBE decisions are against the interest of citizens, says head of Citizens Against Price Rises Association
Food prices’ inflation hinders hotels’ efforts to enhance services: Tourism workers
The first week of October witnessed a peak in operating costs, especially due to the increase in food prices
Monthly inflation rises by 2.8% in September
The annual inflation rate has recorded 9.4% in September 2015 compared to September
Dimian reassesses his new plan
The minister’s statements did not address any change in the tax plan
Annual inflation slumps to 7.9% in August
Meanwhile, the Consumer Price Index (CPI) increased by 0.6% compared to July, which was attributed by CAPMAS to an increase in prices of vegetables, hotels, repairing of houses, home appliances, fruits and entertainment services
Annual inflation drops to 8.3% in July: CAPMAS
Despite year-on-year decline, Consumer Price Index (CPI) increased 0.6% in July 2015 compared to preceding month
Egypt is poorer than other Arab Spring countries: Global Finance report
Egypt ranks 109th globally in world’s wealthiest/poorest countries list, with GDP per capita being equivalent to $6,650
IMF projects slower growth in emerging markets
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
Annual inflation recorded at 11.5% in June
Inflation reached 11% in April and 13.5% in May
Defined goals set in revised budget: Dimian
Government revision on budget included lower targeted budget deficit, lower spending and higher revenues