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بوابة الشروق
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Source: بوابة الشروق
6 Hrsبوابة الشروق
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Media presenter Lamis Elhadidy questioned whether the reported decline in inflation was consistent with the reality of prices, saying that citizens and businesses were not feeling a slowdown in price increases—particularly as import, shipping and insurance costs, as well as oil prices, rose during October. The Ministry of Planning announced that annual inflation fell to around 12% in October, from 12.8% in September, while monthly inflation dropped to 0.6% from 1.5%. The Central Bank, however, had raised interest rates by 1 percentage point a week earlier amid inflationary pressures. Elhadidy also noted that oil prices had fallen and the dollar had dropped below 54 Egyptian pounds following the US election results, and asked whether that trend would continue.
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