Banking expert expects future inflation rates for the coming period ...Egypt

Banking expert Ramzi al-Jarm said that the rise in inflation rates in September to its highest level in four years since November 2018, was driven by the increase in food and cigarette prices. He pointed out that the increase in food and cigarettes deviated from the expectations of the Central Bank of Egypt, which was at a level of 7 percent, with an increase or decrease of 2% until the end of 2022. The inflation rate exceeded 15 percent during September 2022, compared to 14.6 percent in August, continuing its upward trajectory. Inflation rates have rose by 1.6 percent in August 2022, while the inflation rate in Egyptian cities increased at 15.3 percent, compared to an average of 8 percent

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Last updated : 12 October 2022 clock 12:40 PM

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Banking expert expects future inflation rates for the coming period ...Egypt

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