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FINANCIAL NEWS
Egypt’s consumer inflation climbs to 14.0 percent
11 Jul 2016
(MENAFN) Egypt’s urban consumer inflation jumped in June to reach 14.0 percent, as consumer demand spiked during Ramadan.
Moreover, core inflation, which excludes items like fruit and vegetables as their prices vary widely, also increased to 12.37 percent in June.
Meanwhile, Egypt has been under pressure since a 2011 uprising drove away tourists and foreign investors, damaging its foreign reserves to USD17.5bn.
On the other hand, the central bank aims to raise reserves to reach USD25bn by the end of this year.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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