inflation

January core inflation falls to 6.86 percent
Business

January core inflation falls to 6.86 percent

Egypt's core consumer price inflation slowed to 6.86 percent in the year to January from 7.07 in December, the Central…
IMF sending mission to Egypt for aid negotiations
Business

IMF sending mission to Egypt for aid negotiations

The International Monetary Fund confirmed Thursday it was sending a mission to Egypt to discuss possible financial aid to the…
Egypt inflation rises to 9.1 percent in November
Business

Egypt inflation rises to 9.1 percent in November

Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…
Hajj prices cast shadow over pilgrimage season in Egypt
Business

Hajj prices cast shadow over pilgrimage season in Egypt

Prices for the Islamic pilgrimage season, which began on Saturday, continue to rise this year. Tourism companies, which control around…
Egypt urban inflation falls to 8.5% in August
Business

Egypt urban inflation falls to 8.5% in August

Egypt's urban consumer inflation was 8.5 percent in the 12 months to August, down from 10.4 percent in July, figures…
Egypt keeps interest rates on hold, inflation still a concern
Business

Egypt keeps interest rates on hold, inflation still a concern

Egypt's central bank kept its benchmark interest rates on hold at a meeting on Thursday, reflecting continued concern about inflation…
Egypt’s urban inflation down to 10.4% in July
Business

Egypt’s urban inflation down to 10.4% in July

The urban consumer inflation was 10.4 percent in the 12 months to July, down from 11.8 percent in June, figures…
Through transition, Central Bank seeks stability, maintains secrecy
Business

Through transition, Central Bank seeks stability, maintains secrecy

The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…
Egypt’s inflation eases slightly in June on food prices
Business

Egypt’s inflation eases slightly in June on food prices

Egyptian inflation in the year to June eased slightly on the back of lower food prices from a year earlier,…
Cabinet approves draft state budget
Business

Cabinet approves draft state budget

The cabinet on Wednesday approved the draft state budget for the 2011/2012 fiscal year, prior to sending it to the…
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