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Egypt’s annual inflation rate set a record high in June, as the most populous Arab country continues to battle price hikes and a depreciating currency, the Egyptian statistics bureau said Monday.
Over the past year, Egypt’s central bank has tried to target inflation by hiking its main interest rates. Last week, the bank's most basic rate of lending, the overnight deposit rate, increased ...
The annual inflation rate reached 36.8% in June, up from 33.7% recorded in May, according to data released by the state-run Central Agency for Mobilization and Statistics. ... Egypt’s Central ...
According to the World Bank, Egypt ranked first among the countries most affected by food price inflation at the end of 2023, and witnessed successive increases in general inflation indicators, especially in food prices, due to the successive devaluation of the Egyptian pound against the dollar since 2016 and the increase in the food import ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [232] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [233] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [234]
(Bloomberg) -- Egypt’s non-oil private sector economy had its worst performance in two years as demand slumped after a sharp spike in prices and the pound’s devaluation while businesses ...
One of the more important findings, by the agency, has been the type of population growth occurring in Egypt. Since 2014, Major General Abu Bakr al-Gendy, the head of CAPMAS, said that Egypt's population has been growing, for decades, at an unsustainable rate. He said the population grows at an alarming 1 million Egyptians every six months and ...