inflation

Inflation hits 11%, says CAPMAS
Business

Inflation hits 11%, says CAPMAS

Government statistics agency CAPMAS on Monday revealed that the national inflation rate had risen by 0.9 percent in April, compared…
Weary of price hikes, restaurants take part in 24-hour meat boycott
Egypt

Weary of price hikes, restaurants take part in 24-hour meat boycott

Following a decision last week by the Egyptian Chamber of Tourist Establishments, all restaurants and food outlets have been ordered…
Meat price hikes impact Alexandrian businesses
Business

Meat price hikes impact Alexandrian businesses

Butchers and owners of traditional kebab-and-kofta restaurants--the menu selections of which are usually priced by the kilo--say that skyrocketing meat…
Finance minister rejects progressive tax
Business

Finance minister rejects progressive tax

Finance Minister Youssef Boutros-Ghali has rejected a proposal by Shura Council members to introduce a progressive income tax."Our unified income…
Cattle farmers anticipate further meat price hikes
Business

Cattle farmers anticipate further meat price hikes

Associations for cattle farmers and dairy producers lashed out at the government for failing to narrow the gap between local…
Inflation up to 11.8%
Business

Inflation up to 11.8%

Prices in Egypt increased 0.7 percent in March, as inflation hit an annual rate of 11.8 percent, according to figures…
Inflation falls to 12.8% in February
Business

Inflation falls to 12.8% in February

Egypt's national inflation rate fell from 13.6 percent in January to 12.8 percent in February, according to a report released…
Egypt should stand ready to raise rates, IMF says
Business

Egypt should stand ready to raise rates, IMF says

Egypt should be prepared to raise interest rates if inflation does not abate and should work to cut its budget…
CAPMAS: Inflation up 13.6% in January
Business

CAPMAS: Inflation up 13.6% in January

In a statement Wednesday, Abu Bakr el-Guindi, president of the state-run Central Agency for Public Mobilization and Statistics (CAPMAS), noted…
Butane cylinders hit LE60 amid ongoing shortages
Business

Butane cylinders hit LE60 amid ongoing shortages

A severe shortage of butane gas cylinders continued to dog Cairo and the provinces Sunday, with the price of a…
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