18 Hrs
Source:
بوابة الشروق
_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352142843_145525226.png&w=64&q=75){kind=small}
Experts cite food price drop for August inflation slowdown
Data from the Central Agency for Public Mobilization and Statistics showed that Egypt's annual inflation rate decreased to 12.7% in August 2026, down from 13% in July. This followed a 1.1% month-on-month decline in food and beverage prices, especially vegetables and poultry, which outweighed the impact of a 12% increase in electricity prices. Economic experts expect the Central Bank to keep interest rates unchanged until the end of the year, as inflationary pressures persist due to geopolitical tensions, despite stable fuel prices. The decline in inflation occurs despite electricity rate hikes and projections of potential increases in international commodity prices, amid ongoing market volatility and economic uncertainty.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)