Friday, February 14, 2025
Today's News
Friday, February 14, 2025
Today's News

Egypt headline inflation surges to 25.8% in January

Egypt's headline inflation surges to 25.8% in January

Egypt’s yearly urban customer price rising cost of living jumped to a higher-than-expected 25.8% in January, its fastest in more than 5 years, data from data firm CAPMAS revealed on Thursday.

The rise from 21.3% in December complied with a series of currency devaluations starting in March 2022, an extended lack of foreign money, and also continuing delays in getting imports right into the nation. The Egyptian extra pound has actually dropped by virtually 50% given that March.

January rising cost of living was the greatest since December 2017, a year after a steep devaluation.

Economic experts had actually expected an analysis of 23.75%, according to the median projection in a Reuters survey of 14.

5 experts had actually forecast that core inflation would certainly climb to 26.6% from 24.4% in December.

Core rising cost of living, which removes out volatile items such as food, leapt to 31.241% in January from 24.449% in December.

Heading inflation raised throughout the board, but was driven specifically by greater prices of food and non-alcoholic drinks, which make up 32.7% of the index’s basket, “as producers continued to pass through greater import bills to shoppers”, claimed Allen Sandeep of Naeem Brokerage Firm.

Month-on-month, prices rose by 4.7% contrasted to 2.1% in December, driven by a 10.1% regular monthly rise in food and also beverage rates, Sandeep claimed.

The high January number raises stress on the central bank’s Monetary Plan Board (MPC) to raise rates of interest when it next meets on March 30.

At its last conference on Feb. 2, the MPC maintained its prime rate at 17.25% and also the down payment price at 16.25%, saying its walkings of 800 basis factors over the in 2014 ought to assist to tame inflation.

Last Updated:  10 February 2023

INTERVIEW

Celebrities
In case you missed it

Top picks from The Times, recommended for you

Culture & Life Style
Top Skincare Routines for Glowing Skin at Any Age
14 Feb 2025
Top Skincare Routines for Glowing Skin at Any Age
Achieving glowing, healthy skin isn’t reserved for a certain age group—it’s a goal everyone can aim for, no matter where they are in life. A glowing complexion signifies skin that…
READ MORE
How to Build a Healthy Work-Life Balance in 2025
How to Build a Healthy Work-Life Balance in 2025
In today’s fast-paced world, achieving a healthy work-life balance can…
READ MORE
Want Super Soft Skin? Try The Double Moisturizing Trend
Want Super Soft Skin? Try The Double Moisturizing Trend
If you’re on a quest for baby-soft skin, you’ve probably…
READ MORE
How to Style Classic Pieces for a Timeless Look
How to Style Classic Pieces for a Timeless Look
Fashion trends come and go, but classic pieces remain wardrobe…
READ MORE
The Science Behind Natural Beauty Products: What You Need to Know
The Science Behind Natural Beauty Products: What You Need to Know
In recent years, natural beauty products have gained significant popularity,…
READ MORE
Entertainment
The Life of Harrison Ford – From Han Solo to the Red Hulk
The Life of Harrison Ford – From Han Solo to the Red Hulk
Harrison Ford has acted in 85 movies and TV shows in his long career, which…
The 10 best PlayStation 5 games to play in 2025
The 10 best PlayStation 5 games to play in 2025
As we step into 2025, the PlayStation 5 continues to dominate the gaming world with…
WWE Raw Results, Winners, and Grades
WWE Raw Results, Winners, and Grades
WWE promoted matches to qualify for the Elimination Chamber. Bayley fought Lyra Valkyria, and Logan…
The Rise of Athleisure: Why Comfort Meets Style
The Rise of Athleisure: Why Comfort Meets Style
In recent years, the fashion industry has witnessed a remarkable shift towards clothing that seamlessly…
Grammys 2025: Beyonce Wins Album Of The Year And Kendrick Lamar Gets Song And Record Of The Year Prizes
Grammys 2025: Beyonce Wins Album Of The Year And Kendrick Lamar Gets Song And Record Of The Year Prizes
Beyoncé’s album "Cowboy Carter" won Album of the Year at the 2025 Grammy Awards on…
Sniper Elite: Resistance – Release Date and 10 Important Things You Should Know
Sniper Elite: Resistance – Release Date and 10 Important Things You Should Know
The Sniper Elite series started almost 20 years ago in 2005. The series has sold…
Kevin O’Leary says he is close to making a deal to buy TikTok as the possibility of a ban grows. Here’s what we know
Kevin O’Leary says he is close to making a deal to buy TikTok as the possibility of a ban grows. Here’s what we know
As political and regulatory pressures mount over TikTok’s future in the United States, Canadian businessman…
How Cultural Festivals Around the World Shape Society
How Cultural Festivals Around the World Shape Society
Cultural festivals have long been a vibrant expression of humanity, weaving threads of history, tradition,…
Car Brands Owned by Other Car Brands
Car Brands Owned by Other Car Brands
In the ever-evolving automotive industry, the landscape of car ownership is a complex web of…
How to Maintain Work-Life Balance in a Remote World
How to Maintain Work-Life Balance in a Remote World
The shift to remote work has transformed the traditional office environment, offering flexibility and autonomy…
Country
USA
USA News
UAE
UAE News
Egypt
Egypt News
UK
UK News
South Africa
South Africa News
India
India News
Qatar
Qatar News
Russia
Russia News
Ukrain
Ukrain News
Iran
Iran News