{"id":634292,"date":"2018-01-11T04:01:00","date_gmt":"2018-01-11T04:01:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/"},"modified":"2018-01-11T04:01:00","modified_gmt":"2018-01-11T04:01:00","slug":"monthly-inflation-records-lowest-rate-in-over-two-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/","title":{"rendered":"Monthly inflation records lowest rate in over two years"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Monthly inflation fell in December for the first time in two years, coming in at -0.2%<\/strong>, <a href=\"http:\/\/www.capmas.gov.eg\/Pages\/ShowHmeNewsPDF.aspx?page_id=\/Admin\/News\/PressRelease\/201811081144_%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%20%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89%20%D8%A7%D9%84%D8%A3%D8%AE%D9%8A%D8%B112-2017%20.pdf&Type=News\">CAPMAS announced<\/a>. The rate is the lowest since November 2015. Annual Inflation also dropped to 21.9% from 26% a month before. Annual core inflation reached 19.86% during December, down from 25.54% in November. On a monthly basis, core inflation declined by 0.37% last month, compared to an increase of 1.31% the month before, <a href=\"http:\/\/www.cbe.org.eg\/en\/Pages\/HighlightsPages\/CPI-Press-Release-December-2017.aspx\">according to central bank data<\/a>.<\/p>\n<p><strong>The monthly decline was driven by a decrease in the prices of various food staples<\/strong>, including red meat, poultry, vegetables, and lentils, EFG Hermes says. Radwa El-Swaify, head of research at Pharos Holding, thinks holiday promotions and discounts might have helped push food prices down, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-10\/egypt-urban-inflation-rate-drops-as-currency-float-shock-eases\">Bloomberg reports<\/a>. \u201cThe stability of prices on a monthly basis makes sense: any further increases would affect demand,\u201d El-Swaify says.<\/p>\n<p><strong>Finance Minister Amr El Garhy expects the annual inflation rate to drop below 20% next month and to hit 10-12% during the year<\/strong>, <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1P50RW\">according to Reuters<\/a>. In 2019, he sees inflation falling to single digits and believes the reading for last month is \u201ca better than good indication and puts us on a good path.\u201d In the nearer term, EFG Hermes\u2019 Mohamed Abu Basha expects inflation rates to slow down to 17-18% in January and 15-16% in February and to stabilize around 13-14% by mid-year.<\/p>\n<p><strong>Can we now have lower interest rates, please?<\/strong> With the drop in inflation, speculation over when and by how much interest rates should drop has begun. Easing may begin in the first quarter, according to CI Capital Holding economist Hany Farahat. Even so, an exodus of foreign investors is unlikely because longer-term securities will remain attractive, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-09\/turkey-rates-to-morocco-s-peg-a-guide-to-region-s-central-banks\">he told Bloomberg<\/a> in its roundup on what to expect from MENA central banks. The benchmark interest rate may drop to 13.25% from 18.75% by year-end, according to London-based Capital Economics. The CBE Monetary Policy Committee will hold its <a href=\"http:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\">next meeting on 15 February<\/a>.<\/p>\n<p>Separately, <strong>sources from the CBE say that Egypt has repaid USD 30 bn in 2017 to foreign lenders<\/strong> including the Paris Club and international oil companies, <a href=\"https:\/\/alborsanews.com\/2018\/01\/10\/1077942\">according to Al Borsa<\/a>. Egypt borrowed USD 18.8 bn last year, the source added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Monthly inflation fell in December for the first time in two years, coming in at -0.2%, CAPMAS announced. The rate is the lowest since November 2015. Annual Inflation also dropped to 21.9% from 26% a month before. Annual core inflation reached 19.86% during December, down from 25.54% in November. On a monthly basis, core inflation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":634293,"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-634292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"97626070-f5cd-412b-a5b9-3c057c08aab8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/1\/1102.jpg","photo_position":"above","related_issue":[634286],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monthly inflation records lowest rate in over 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\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monthly inflation records lowest rate in over two years\" \/>\n<meta property=\"og:description\" content=\"Monthly inflation fell in December for the first time in two years, coming in at -0.2%, CAPMAS announced. The rate is the lowest since November 2015. Annual Inflation also dropped to 21.9% from 26% a month before. Annual core inflation reached 19.86% during December, down from 25.54% in November. On a monthly basis, core inflation [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-11T04:01:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/1102.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Monthly inflation records lowest rate in over two years\",\"datePublished\":\"2018-01-11T04:01:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/\"},\"wordCount\":358,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/1102.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/monthly-inflation-records-lowest-rate-in-over-two-years\/\",\"name\":\"Monthly inflation records lowest rate in over two years - 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On a monthly basis, prices rose 0.7% in January, after falling 0.2% in December. Food prices \u2014 which comprise around a third\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567047,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/12\/egypt-inflation-nearly-doubles-to-7-1-in-december\/","url_meta":{"origin":634292,"position":1},"title":"Egypt inflation nearly doubles to 7.1% in December","author":"enterpriseam admin","date":"12 January 2020","format":false,"excerpt":"Inflation nearly doubles m-o-m to 7.1% in December: Annual urban inflation jumped to 7.1% in December, up from 3.6% in November, the Central Bank of Egypt (CBE) calculated in its monthly CPI release (pdf) which is based on Capmas data (pdf). The increase is in line with expectations on the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572107,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egypts-inflation-decelerated-in-may-to-4-7-below-expectations\/","url_meta":{"origin":634292,"position":2},"title":"Egypt\u2019s inflation decelerated in May to 4.7%, below expectations","author":"enterpriseam admin","date":"11 June 2020","format":false,"excerpt":"We caught a break: Inflation cools to six-month low: Annual urban inflation in May slowed to its lowest level since November, dropping to 4.7% from 5.9% in April, according to data from state statistics agency Capmas. Food and beverage prices continue to be the main drivers: Food prices fell 0.7%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/133.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591610,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/inflation-rises-for-the-first-time-in-six-months-in-november\/","url_meta":{"origin":634292,"position":3},"title":"Inflation rises for the first time in six months in November","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"Inflation rises for the first time in six months in November: Annual urban inflation rose slightly to 3.6% in November from 3.1% in October, ending a six-month spell of disinflation, according to official data published yesterday by Capmas (pdf). Prices fell 0.3% on a monthly basis compared to 1% growth\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1406.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567942,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/food-prices-drive-inflation-rate-to-five-month-high\/","url_meta":{"origin":634292,"position":4},"title":"Food prices drive inflation rate to five-month high","author":"enterpriseam admin","date":"13 December 2020","format":false,"excerpt":"Annual headline urban inflation accelerated for the second consecutive month to 5.7% in November from 4.6% in October, according to Capmas figures (pdf) released on Thursday. The increase was driven by higher food prices, which single-handedly brought annual inflation to its highest since May. Monthly headline figures remained muted at\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564507,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/headline-inflation-slowed-last-month-does-it-make-a-rate-cut-more-likely\/","url_meta":{"origin":634292,"position":5},"title":"Headline inflation slowed last month \u2014 does it make a rate cut more likely?","author":"enterpriseam admin","date":"10 February 2021","format":false,"excerpt":"Annual headline inflation in January slowed to its lowest level since September 2020. Urban headline inflation dropped for the second consecutive month to 4.3% from 5.4% in December 2020, and closing in on a 3.7% record low reading last September, figures from state statistics agency Capmas (pdf) and the central\u2026","rel":"","context":"In &quot;SPEED ROUND: ECONOMY&quot;","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=634292"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634292\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/634293"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634292"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634292"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}