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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
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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