inflation

Report: Chicken, fish, and rice prices up in May
Business

Report: Chicken, fish, and rice prices up in May

Local fresh meat prices increased in May, according to a report by Egypt's Central Agency for Public Mobility and Statistics…
Urban inflation eases to 11.8%
Business

Urban inflation eases to 11.8%

Urban consumer inflation in Egypt unexpectedly eased to 11.87 percent in the 12 months to May as food prices fell…
Experts expect interest rates to remain steady, inflation to rise
Business

Experts expect interest rates to remain steady, inflation to rise

Economic experts expect the Central Bank of Egypt (CBE) to keep interest rates at their current levels to encourage investment…
Economists praise increases in commodity subsidies
Business

Economists praise increases in commodity subsidies

Economic experts have praised the prime minister’s decision to increase subsidies of strategic commodities from LE90 billion to LE115 billion…
Egypt debt weighs heavily on already-burdened budget
Business

Egypt debt weighs heavily on already-burdened budget

When President Hosni Mubarak resigned on 11 February, he left behind a troubled economy. One of his more potent economic…
Egypt inflation jumps to a year high on food prices
Business

Egypt inflation jumps to a year high on food prices

Urban consumer inflation in Egypt accelerated to 12.1 percent in April, its highest in a year, on the back of…
Egypt’s central bank leaves interest rates steady
Business

Egypt’s central bank leaves interest rates steady

Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without…
Egypt’s inflation rises to 11.5% in March
Business

Egypt’s inflation rises to 11.5% in March

Urban consumer inflation in Egypt rose to 11.5 percent in the 12 months to March from 10.7 percent in February,…
Egypt inflation eases slightly in Feb, Central Bank rates eyed
Business

Egypt inflation eases slightly in Feb, Central Bank rates eyed

Egyptian inflation slowed in the year to February, supporting a hold in central bank interest rates on Thursday to support…
The economic revolution is yet to happen
Business

The economic revolution is yet to happen

“All our economic losses are a small price to pay for freedom,” said renowned businessman Naguib Sawiris to audience applause…
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