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Source:
الوطن
Chambers: Global wheat rose 6% but local prices stable
The article addressed the ongoing impact of global changes on the Egyptian local market. It noted that the global wheat price increase of 6% has not yet affected prices in Egypt, thanks to the availability of a strategic stock sufficient for about six months and the presence of local reserves of essential commodities. It also pointed out that rising prices of other goods, such as vegetables by 15% and fruits by 2.5%, have led to an increase in the food inflation rate to 3.2%. Meanwhile, inflation in urban areas decreased from 14.9% in July to 13.9% in September, with efforts continuing to explore alternative import sources to reduce shipping and insurance costs in order to counteract global fluctuations.
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