{"id":630074,"date":"2018-04-11T04:22:23","date_gmt":"2018-04-11T04:22:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/inflation-at-its-lowest-in-almost-two-years\/"},"modified":"2018-04-11T04:22:23","modified_gmt":"2018-04-11T04:22:23","slug":"inflation-at-its-lowest-in-almost-two-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/inflation-at-its-lowest-in-almost-two-years\/","title":{"rendered":"Inflation at its lowest in almost two years"},"content":{"rendered":"

<\/a> Annual headline inflation rates dropped to 13.3% in March from 14.4% a month earlier<\/strong>, according to CAPMAS<\/a>. Core inflation fell to 11.59% in March from 11.88% in February. EFG Hermes\u2019 Mohamed Abu Basha noted that the drop \u201cconfirmed our view that seasonal factors \u2014 including the coming two months leading to Ramadan \u2014 as well as a potential fuel subsidy cut in July, will ease the pace of deceleration over the coming few months. On a monthly basis, inflation was up by the highest pace in four months,<\/strong> at 1.0%, driven largely by a 1.8% increase in food prices, as non-food inflation stood at 0.2%. Acceleration in monthly food inflation was driven primarily by seasonal factors and was centered mostly upon higher poultry, fish and vegetable prices; hence, not resembling any major pick-up in inflationary pressures, in our view.\u201d<\/p>\n

The headline figure is the lowest since May 2016 and falls squarely within the central bank\u2019s target of 13%, plus or minus 3 percentage points<\/strong>, Bloomberg notes<\/a>. Core inflation is at its lowest since April 2016. \u201cThe 11-12% level is expected to continue until the fourth quarter, when we might see a dip to 10% for one or two months before the rate rises again\u201d to the same range, economist Reham El Desoki says. March\u2019s drop was positive and in line with central bank expectations, CI Capital senior economist Hany Farahat told Reuters<\/a>. \u201cAlthough it\u2019s not a steep fall from the previous month, it still leaves room for further monetary easing in my view,\u201d Farahat added. Abu Basha also believes that another rate cut is possible in May.<\/p>\n","protected":false},"excerpt":{"rendered":"

Annual headline inflation rates dropped to 13.3% in March from 14.4% a month earlier, according to CAPMAS. Core inflation fell to 11.59% in March from 11.88% in February. EFG Hermes\u2019 Mohamed Abu Basha noted that the drop \u201cconfirmed our view that seasonal factors \u2014 including the coming two months leading to Ramadan \u2014 as well […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630074","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9d2ac74d-618a-4271-abb5-3cdfb471c113","order":"0","is_powered_by":true,"section_story_id":"37d57bc7-c7c1-4e32-a348-9d8a50d775c5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630066],"teaser":"","voice_url":""},"yoast_head":"\nInflation at its lowest in almost two years - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/11\/inflation-at-its-lowest-in-almost-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation at its lowest in almost two years\" \/>\n<meta property=\"og:description\" content=\"Annual headline inflation rates dropped to 13.3% in March from 14.4% a month earlier, according to CAPMAS. 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