Latest in Tag: inflation Highlight
Latest in Tag: inflation
Fate of basic interest rates depends on expected inflation: MPC
Consumer finance companies play important role in containing inflation: Zaatar
After her department’s “extraordinary measures” are exhausted, the United States could experience a downgrading of its debt as a result of Congress failing to raise the debt ceiling, Yellen told CNN.
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021
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.
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.
4Q 2024 inflation target stands at 7% (±2%), 5% (±2%) in 4Q 2026
November’s high inflation was mainly caused by 27 October currency devaluation, continued repercussions of Russian-Ukrainian conflict
The residential sector witnessed higher levels of sales activity in Q3
“Currency devaluation may be a measure to boost investments and support the economy,” he stressed.
Non-food inflation continues to increase for 11th consecutive month recording highest rate since May 2019
This is its highest level since November 2018
CBE aims to reach single-digit inflation in medium term, expecting it to decline by 2H 2023
EGX indices collectively decline
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.
July’s inflation was mainly impacted by increase of core food, retail, and service prices
Monthly core inflation, computed by CBE, records 1.5% in July 2022
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.
Some expect rates to remain unchanged following recent rise, while others expect further increase due to hiking inflation
Inflation continues to be affected by depreciation of exchange rate, repercussions of Ukraine war which led to higher international food prices
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.”
USD continues increasing against major currencies
Company has stockpile of up to 3 months, seeks to add more: El-Sherbiny
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.
Monthly core inflation records 2.4% in April 2022
12.6% increase in food prices between February and last March: FAO
‘We are looking forward to having approximately 100 companies in Cityscape Egypt 2022, says Alexander Edwards
Annual core inflation increased to 10.1% in March 2022: CBE
CBE attributes increase in annual urban inflation to strong monthly food dynamics in February
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.