Egypt Export Marketplace for products & services  •   Log in | Sign up  

Export Egypt Home
made in Egypt Egypt products
  Home  |  Products  |  Business Center  |  News   |  Events   |  My Account Follow us on Facebook
Products and vendors Services and providers Oil & Gas Software and publications

Egypt's annual urban consumer price inflation rises to 16% in September
Source: www.export-egypt.com 10/10/2018

Egypt's annual urban consumer price inflation rose to 16 percent in September from 14.24 percent in August, the official statistics agency CAPMAS said .

Egypt has been pushing ahead with a series of austerity measures, including fuel and electricity subsidy cuts and tax hikes, to help ease the country's budget deficit.

The reforms have helped the government secure a $12 billion International Monetary Fund loan and allowed the central bank to revive its foreign currency reserves.

Egypt’s net foreign reserves rose to $44.459 billion at the end of September, from $44.42 billion a month earlier, according to the Central Bank of Egypt (CBE).

Egypt's account deficit for the 2017-18 financial year, which ended in June, narrowed by 58.6 percent to $6 billion, also according to the CBE.



Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 


Export Egypt - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us