23 Hrs
Source:
بوابة الشروق
Reuters poll predicts Egypt inflation at 13.9% in September
Reuters survey forecasts indicate that the annual inflation rate in Egyptian cities will decrease to approximately 13.9% in September from 14.5% in August. The expected decline in inflation is attributed to favorable base effects in the housing sector balancing against price pressures for food and electricity. Experts anticipate the downward trend to continue, supported by a stable Egyptian pound and falling energy prices, despite potential upward pressures from rising food and rental costs. Egypt aims to achieve a significant reduction in inflation by the end of the year, continuing its subsidy reform efforts in line with the International Monetary Fund agreement.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)