inflation

Prime Minister blames vegetable price hikes on inclement weather
Business

Prime Minister blames vegetable price hikes on inclement weather

Egyptian Prime Minister Ahmed Nazif blamed the recent increase in vegetable prices and a resultant rise in inflation on spoiled…
CBE: Annual inflation rate fell to 7.59% in September
Business

CBE: Annual inflation rate fell to 7.59% in September

Egypt's basic inflation rate increased by 0.22 percent in September while the annual rate fell to 7.59 percent during the…
Soaring vegetable prices strain household budgets in governorates
Business

Soaring vegetable prices strain household budgets in governorates

Vegetable prices continued to rise this week in governorates throughout Egypt, with per-kilo tomato prices reaching LE13; garlic LE9; cucumbers…
Egypt’s inflation rises to 11% amid food price hikes
Business

Egypt’s inflation rises to 11% amid food price hikes

Egypt's inflation notched up slightly to 11 percent in September, the government said Sunday, amid complaints about rising food prices.Urban…
Incoming parliament to discuss draft price-control legislation
Business

Incoming parliament to discuss draft price-control legislation

The government plans to submit nine new draft laws aimed at controlling market prices for discussion in the upcoming session…
Global trade body urges Egypt to abolish energy subsidies
Business

Global trade body urges Egypt to abolish energy subsidies

Michele Ruta, economy expert at the research and statistics division of the International Trade Organization (ITO), has called on the…
Report: Local fruit, vegetable production down 70% on year
Business

Report: Local fruit, vegetable production down 70% on year

Local production of fruits and vegetables has fallen by more than 70 percent compared to last year, according to a…
Finance Minister: Govt to raise energy prices over coming 5 years
Business

Finance Minister: Govt to raise energy prices over coming 5 years

The government plans to liberalize energy prices over the course of the next five to seven years in an effort…
Egyptian pound falls to lowest level against dollar since 2007
Business

Egyptian pound falls to lowest level against dollar since 2007

The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
Coinage pumped into local market to meet Ramadan liquidity demand
Business

Coinage pumped into local market to meet Ramadan liquidity demand

The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
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