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BREAKING
Second IAEA report: In light of above assessment, IAEA chief Grossi reiterates his urgent call upon Iran to cooperate fully and effectively with agency.
Second IAEA report: Iran has repeatedly either not answered or not provided technically credible answers to agency's questions.
Second IAEA report: IAEA has no credible indications of ongoing, undeclared structured nuclear program of type described above in Iran.
IAEA report seen by Reuters: Iran's stock of uranium enriched to up to 60% purity estimated to have grown by 133.8 kg to 408.6 kg.
IAEA report: Iran's stock of enriched uranium estimated to have grown by 953.2 kg since last quarterly report to 9,247.6 kg.
Reuters: IAEA sends two quarterly reports on Iran to member states, including expanded "comperehensive" report requested by IAEA board.
Iranian sources: Window to arrive at diplomatic resolution for nuclear file still open, E3 must act rationally.
Iranian sources: Iranian responses to E3 pressure on IAEA to politicize Iran file are well-measured and technical, but if E3 move to use snapback mechanism, this would change everything, as Iran's policy regarding nuclear program would change entirely.
Iranian sources: Iran has shown in past that it would not sit idly by while E3 violate its nuclear rights.
Iranian sources: Iran reaffirmed, through diplomatic channels with Europe that it would respond to any escalatory step in nuclear issue.

Inflation Rate in Egypt Continues to Rise

  • By Al Mayadeen
  • Source: Agencies
  • 10 Nov 2021 13:35
1 Min Read

The inflation rate in Egypt is rising by 1.7% monthly, and 7.3% annually, which has curbed the ability of the Central Bank of Egypt to continue its interest rate cut policy.

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  • Inflation Rate in Egypt Continues to Rise
    Food prices increase in Egypt with a rise in monthly inflation. 

The inflation rate in Egypt rose for the third consecutive month by 1.7%, with a total of 7.3% annually last October, compared to 4.6% last year.

The Central Agency for Public Mobilization and Statistics bulletin attributed the rise in monthly inflation rates to an increase in the prices of food and beverage by 1.3%, transport and communications by 0.6%, and education by 13.9%. 

Related News

Egypt slams Israeli approval of 22 new West Bank settlements

Egypt poised for another interest rate cut ahead of economic reforms

The inflation rate rose annually due to the inflation in the food and beverages department by 13.7%, the housing, water, electricity, and gas department by 4%, the health care department by 2.5%, and the transportation and communications department by 4%. In addition, the inflation in the education department reached 13.9%.

In recent months, inflation rates in Egypt have witnessed a remarkable rise, although they remain at the official target rates. 

Inflation rates curbed the Central Bank of Egypt's ability to continue its interest rate cut policy throughout the current year.

  • Economic inflation
  • Egypt
  • Central Bank of Egypt

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