Search

Egypt’s Inflation Cools for Third Consecutive Month

Breaking News
© Allen Dreyfus
  • Annual inflation eased to 24% in January, continuing a three-month decline
  • Analysts expect the Central Bank of Egypt to maintain rates at a record 27.25%

Egypt’s inflation rate slowed for the third consecutive month in January, dropping to 24% from 25.8% in December, according to data released by the country’s statistics office. The decline was largely driven by a sharp -9.06% drop in fruit and vegetable prices, offering a potential signal for the Central Bank of Egypt (CBE) to begin easing its record-high interest rates.

You need an active subscription to continue reading this article.

Recent Business

Allen dreyfus Logo
Gabon halts tax breaks after CFA1tn revenue loss
Read More »
jean-papillon-vLZC-lONFg0-unsplash
Senegal resumes fiscal reporting but budget strains deepen
Read More »
othmane-ferrah-rzjB9tl3lPk-unsplash
Morocco holds interest rate at 2.25% amid easing inflation
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights