Latest in Highlight
I belong to a generation that used to do well with a monthly allowance of EGP 3 in the 1980s during the first years of preparatory school. Once I enrolled in university, this allowance reached EGP 30, and it was enough for us to enjoy life. This generation had not imagined it would witness a …
Inflation rises to 19.4% in November
While experts agree that the government’s decision to increase customs duties on 364 types of imported products will not greatly affect the rate of inflation, their views differ when it comes to the timing and how this move will actually affect the state and its citizens. Abou Bakr Emam, the head of Prime Bank’s research …
While price increases and inflation are inevitable for any country, in recent months Egypt has seen unprecedented price hikes which have severely impacted families’ cost of living. In the wake of the Egyptian pound flotation, subsidy cuts, and higher fuel prices, the average family’s monthly income does not stretch nearly as far as it used …
Analysts expect these rates to remain unchanged for three to six months
The annual inflation rate reached 14% in October
The Central Bank of Egypt (CBE) announced on Thursday that it is floating the Egyptian pound completely, and banks will be free to quote whatever rates they decide on, for cash and transfer transactions. Despite the hardships, investment banks see a bright vision of Egypt’s economy in the near future. According to a statement released …
Inflation in the 19-member eurozone has reached levels not seen for over two years, but is still far too low to satisfy governors at the European Central Bank.
“Just as we should never balance the budget on the backs of the poor, it’s an economic delusion to think you can balance it only on the wallets of the rich.” This seemed to be the beautified confession that the then UK chancellor of the exchequer and austerity guru George Osborne made to the Conservative …
The annual inflation rate in September changed to 14.6%, compared to 16.4% in August
The president has constantly undermined rights and freedoms’ issues; economic and social issues at stake
With this decision, the interest rate on deposit remains at 11.75% and the lending rate at 12.75%
Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …
The consumer price index (CPI) for August registered an increase of 2% compared to July, CAPMAS reported on Thursday.
Reports show one of the highest yields in global wheat production driving export prices down at a time when Egypt is struggling with inflation, reserve shortage, and corruption
Decrease in poultry prices limited the increase in the inflation rate in July, says CAPMAS
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%