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Inflation Data

MPC maintains interest rates for 7th consecutive time in a row

According to Bloomberg, the decision leaves the North African nation with the highest inflation-adjusted interest rate of more than 50 economies

Annual urban inflation goes up in August to hit 17-month high| CAPMAS

Annual headline (consumer price) inflation recorded 6.4% in August, compared to 6.1% in July and 3.6 in August 2020

Urban inflation rates climb to 5.4% in July, with core inflation at 4.6%: CAPMAS

Prices with the highest gains were electricity, gas and other fuels, with subsidies lessened in July, recording a climb of 8.9%

Central Bank of Egypt maintains interest rates once again for 6-month streak

The decision keeps the overnight deposit rate at 8.25%, the overnight lending rate at 9.25%, and the rate of the main operation at 8.75%

Annual consumer inflation records 5.3% in June: CAPMAS

The rise was attributed to the price hikes of oil and fat products (13.5%), cheese and eggs (1.6%), and home maintenance products and services (0.3%)