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Annual inflation slumps to 7.9% in August

Meanwhile, the Consumer Price Index (CPI) increased by 0.6% compared to July, which was attributed by CAPMAS to an increase in prices of vegetables, hotels, repairing of houses, home appliances, fruits and entertainment services

Doaa Farid

Commodity prices stable, prices drop: Minister of Supply

The minister pointed out that enough quantities of cooking oil have been contracted to suffice for consumption till the end of July – a total of 172,000 tonnes – with a value of EGP 1.5bn. A supply of Brazilian poultry, 23,300 tonnes, was also contracted.

Mohamed Ayyad

Egypt aims to boost wheat self-sufficiency

Wheat represented the largest single subsidy expenditure after fuel price support, which was unexpectedly cut at the start of July, increasing the prices of car fuel and natural gas by more than 70% and driving up food prices by 20% according to economists.

Daily News Egypt