inflation
Statistics agency head says economy shrinking, but salvageable
Egypt
July 30, 2012
Statistics agency head says economy shrinking, but salvageable
The head of the Central Agency for Public Mobilization and Statistics (CAPMAS), Abu Bakr al-Gendy, said that while the economic…
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
Business
July 21, 2012
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
Soheir Salem, a housewife and mother of four, walked out to the markets last Friday looking to buy her…
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Business
June 10, 2012
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Egypt's balance of payments slid deeper into the red in the first nine months of 2011–2012 with a deficit of…
Urban inflation dips to 9% in year to March
Business
April 10, 2012
Urban inflation dips to 9% in year to March
The urban consumer inflation was 9 percent in the 12 months to March, down from 9.2 percent in February, figures…
January core inflation falls to 6.86 percent
Business
February 9, 2012
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
January 12, 2012
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
December 10, 2011
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
November 5, 2011
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
September 10, 2011
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
August 25, 2011
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…