Egypt’s government is not doing enough to curb inflation: Expert ...Egypt

EGYPT INDEPENDENT - Economy
Egypt’s government is not doing enough to curb inflation: Expert
source : EGYPT INDEPENDENT ( Egypt ) () 33
Economic expert Mostafa Badra said on Monday that the Egyptian government is not doing enough to confront high inflation at the required pace. During a telephone interview with Ahmed Moussa’s TV show “Ala Massoulity” (On My Responsibility), Badra explained that the core annual inflation rate rose to 41.0 percent in June 2023, compared to 40.3 percent in May 2023. The current inflation rate is the product of daily rising prices, he said, in addition to the depreciation of the Egyptian pound. “Egypt suffers from a scarcity of US dollar because we rely heavily on imported products that need foreign currency… International prices are on the decline plan, but the Russian-Ukrainian war is the reas

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