Latest in Tag: inflation Highlight
Latest in Tag: inflation
Inflation rises to 14.4% in June in line with expectations
Egypt’s annual inflation rate rose significantly in June to 14.4%, increasing from 11.4% in May, the Central Bank of Egypt (CBE) announced on Tuesday. The increase was due to a rise in food prices by 10% compared to an increase of 8.6% in May, in addition to the 55% hike in transportation sector on the …
HC Securities expects deceleration of annual inflation, MPC to keep interest rates unchanged
Recent decision to hike fuel costs was by market, despite not announcing rates, timing, says Saada
Egypt’s consumer sector to fully recover by early 2019 as inflationary pressures ease
Market indicators suggest there was broad-based market slowdown in 2017
Beltone forecasts inflation rise of 3-5% in Q3 2018
Company expects fuel prices to rise by 35-45% in July, CBE to keep interest rate unchanged
Egypt, Germany sign €1.6bn development deal
Germany-provided financial support for state budget records €225m at beginning of this year, says ambassador
Falling inflation allows another interest cut: Beltone Financial
Despite rising interest rates in emerging markets, Egypt’s strong outlook, exchange rate stability justify continued opportunity to invest in fixed income instruments
Strong expectations for new cut in pound interest on Thursday
MPC trimmed key interest rates by 2% since beginning of 2018 after inflation eased
1.5% increase in inflation rate in April: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced in its monthly bulletin that the inflation rate in Egypt increased by 1.5% in April compared to March, reaching 273.9 points. According to the CAPMAS’s monthly bulletin, the annual inflation rate in Egypt amounted to 12.9% last month, compared to 32.9% in April 2017. The …
Egypt’s economic outlook improves backed by PMI improvement, inflation decline, Zohr gas field: FocusEconomics
Egypt’s economy appears to be in good shape approaching the end of this fiscal year (FY), backed by improvements in non-oil private sector business conditions in the purchasing managers index (PMI), upward trend of foreign reserves, decline in inflation rates, and doubling the Zohr gas field’s output capacity, according to FocusEconomics’ Consensus Forecast Middle East …
Egypt’s inflation rates in numbers
Maximum inflation rate will reach 13% by end-2018, inflation will witness large decrease by end-2019, says CBE governor Monthly headline inflation registered negative 0.1% and negative 0.2% in January 2018 and December 2017 respectively, while annual headline and core inflation declined for the sixth consecutive month to record, respectively, 17.1% and 14.4% in January 2018, …
Tetra Pak aims to boost Egypt sales in 2018 following inflation conditions improvement
Company has about 30 customers, including Juhayna, Faragallah, Domty
Egypt’s annual inflation slows to 13.3% in March, marking lowest level since 2016
Beltone Financial forecasts another 100-basis point interest rate cut on May
0.3% increase in Egypt’s inflation rate in February: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced in its monthly bulletin that the inflation rate in Egypt increased by 0.3% in February compared to January, reaching 267 points compared to 266.3 points. According to the CAPMAS’s monthly bulletin, the annual inflation rate in Egypt amounted to 14.3% in February, compared to 31.7% …
CBE expected to cut interest rates further by end-2019: report
Inflation is likely fall to rates rarely seen over the past decade
Further fall in inflation paves way for interest rates cut in Egypt: Capital Economics
Current data enough to convince MPC to ease policy at its next meeting
Investments to reach 8.3% of GDP in FY 2018: FocusEconomics
FocusEconomics expects inflation to average 15% in 2018
Results of Egypt’s reform programme becoming visible, 4.8% growth forecast for FY2017/18: IMF
The Egyptian economy is on a recovery track, as a result of the reform programme’s decisive policy actions, with a forecasted growth rate of 4.8% in fiscal year (FY) 2017/18, up from 4.2% in FY 2016/17, said IMF Mission Chief for Egypt Subir Lall at a press conference on Tuesday. “Inflation steadily declined to around …
Statista predicts Egypt’s inflation rate to reach 7% in 2022
Statista, an online statistics, market research, and business intelligence portal, issued a report on the expected inflation rates in the Egyptian market over the coming four years. The report predicted that the inflation rate will decline to 21.3% in 2018 compared to 23.5% in 2017, a decrease of 2.2%. According to the report, the average …
Economic experts view Egypt’s economy in 2018 with cautious optimism
For most of the last decade, Egypt has been squeezed between turbulence and uncertainty, and a deteriorating economy. Various challenges had to be addressed, from political unrest and declining tourism to foreign currency and fuel shortages. To correct these structural issues within the economy, the Egyptian authorities adopted an economic reform programme in 2016. Consequently, …
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Dealers expect dollar value to range from EGP 17-19.5 in 2018
Growth rate to range from 4-5%, inflation to decrease to 13-15%
Egypt inflation to fall to single digit by end-2018: Capital Economics
Drop in inflation driven by waning impact of devaluation of pound
Egypt’s annual inflation falls to 22.3%, its lowest level since November 2016
Inflation to fall below 20% in January and to decrease to 10-12% in 2018, says El-Garhy
Base effect may lead inflation rate to moderate in coming few months
Continued subsidy restructuring process could cause more headwinds pushing rate higher again or sustaining it around 25%, says head of research sector at Mubasher International Securities
CBE likely to embark on easing cycle as inflation declines
The bank could cut interest rate by 1% in the December meeting, say analysts
Egypt annual inflation rate falls to 26.7%
The annual inflation rate in Egypt fell in November to 26.7%, down from 31.8% in October, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS), which added that monthly inflation in November was up, scoring 1%. According to CAPMAS data, inflation in urban areas fell to 26% from 30.8% in October. The decline …
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15.7% expected inflation rate in 2018: FocusEconomics
The FocusEconomics Consensus Forecast expects inflation in Egypt to average 15.7% in the year 2018, which is down 1.1% from last month’s estimate. During 2019, inflation is expected to fall to 11.5%, according to FocusEconomics. Inflation remains stubbornly high in September as urban consumer prices rose 1% from the previous month, down from August’s 1.13% …
Online shopping, tailoring, local markets affordable alternatives to expensive winter clothes
Following inflation of prices, shopping of middle-class citizens became more reliant on clothes stands in public areas
Pound sets for modest depreciation in 2018/19: Capital Economics
The currency has weakened by 50% against the dollar since it was floated last November
Inflation continues to represent challenge to economic stability: Oxford Business Group report
More funding on the way as Egypt’s economic reforms yield results: OBG’s “Egypt Economic Update”
Economic crisis, inflation hike behind change of consumer behavior: Tetra Pak
Turnout is on small package, food sector expected to recover in 2018