Last Update 21:37
Tuesday, 21 May 2019

Egypt's annual urban consumer price inflation jumps to 12.3 pct in May

Reuters , Thursday 9 Jun 2016
fruit vendor
In this Monday, March 9, 2015 photo, a fruit vendor waits at a local market in Sixth of October city, a suburb southwest of Cairo, Egypt (AP)
Share/Bookmark
Views: 1961
Share/Bookmark
Views: 1961

Egypt's annual urban consumer price inflation jumped to 12.3 percent in May from 10.3 percent in April, the official statistics agency CAPMAS said on Thursday.

The central bank devalued the pound in March by around 13 percent, and then hiked interest rates by 150 basis points at its MPC meeting on Mach 17 to curb inflationary pressures. 

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
1



Al
09-06-2016 04:49pm
0-
1+
As long as GDP is 5%
These REAL economic indicators such as inflation, Pound value, Tourism, Export ... etc; don't factor in the "Official" economic outlook for Egypt; as long as Government forecast for REAL GDP is still 5%!!
Email
 
Name
 
Comment's Title
 
Comment
Latest

© 2010 Ahram Online.