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Inflation surges to five-and-a-half-year high in February, far above analysts’ expectations
Food prices and core inflation hit record highs during the month.
Cabinet signs off on new wage, pension hikes with higher price tag than originally projected
The cost to the state budget: EGP 190 bn
Private sector contracts at a slower pace in February amid signs inflation could be cooling
Due to contraction to persistently high inflation as supply chain pressures
Fed policy to stay tighter for longer, says governor
Another sign that the Fed will stay hawkish: Federal Reserve Governor Mary Daly has become the latest official at the…
El Sisi announces EGP 150 bn program of wage hikes, pension increases amid soaring inflation
The measures include wage increases and a higher minimum wage for civil servants
THIS MORNING: It’s PMI day + Uber fares hiked (again)
Good morning, friends, and welcome to a very brisk news morning as we start this first full week of March.…
The economy continues to get attention internationally
The economy is topic du jour in the foreign press this morning: The Associated Press is the latest to look…
Fuel prices are rising 7-11% today
Cost of mazut for most buyers will increase by 20%
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