{"id":649869,"date":"2017-03-12T04:13:43","date_gmt":"2017-03-12T04:13:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/inflation-rates-above-30-m-o-m-rates-start-to-ease\/"},"modified":"2017-03-12T04:13:43","modified_gmt":"2017-03-12T04:13:43","slug":"inflation-rates-above-30-m-o-m-rates-start-to-ease","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/inflation-rates-above-30-m-o-m-rates-start-to-ease\/","title":{"rendered":"Inflation rates above 30%, m-o-m rates start to ease"},"content":{"rendered":"

<\/a> Inflation is now easing month-on-month despite having broken the 30% barrier on a <\/strong>y-o-y basis<\/strong>,according to data from the CBE<\/a>, a sign that the one-off shock of the November 2016 float of the pound may now be starting to taper. Month-on-month food price inflation rate dipped to 4.1% in February from 7.0% in January<\/strong>. Similarly, headline inflation fell to 2.63% in February from 4.07% in January, while core inflation eased to 2.61% last month from 5.00% the month before. Annual headline inflation rose to 30.25% in February from 28.14% the month before<\/strong>, while core inflation jumped to 33.10% in February from 30.86% a month earlier. CAPMAS<\/a> data also showed that food price inflation also surged in February, hitting 41.7% on an annualized basis.<\/p>\n

What the analysts are saying: <\/strong>Renaissance Capital\u2019s Charles Robertson<\/strong> is quoted by the Wall Street Journal<\/a> as emphasizing that the easing of m-o-m inflation is the more important indicator, while Reham ElDesoki<\/strong>, senior economist at Arqaam Securities, told Reuters<\/a>, \u201cWe expect headline inflation to remain elevated at similar and higher levels until Q4 2017, at least, as the pass-through effect from the higher FX rate continues, albeit at lower levels.\u201d CI Capital senior economist Hany Farahat<\/strong> agrees, telling Bloomberg<\/a> he expects the annual inflation rate to remain \u201cvery high until November\u201d because it is calculated against a lower base, but noted that the monthly figure could mean that \u201cthe severe price shocks following the November measures are easing \u2026 This may mark the beginning of stabilization in prices<\/strong>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Inflation is now easing month-on-month despite having broken the 30% barrier on a y-o-y basis,according to data from the CBE, a sign that the one-off shock of the November 2016 float of the pound may now be starting to taper. Month-on-month food price inflation rate dipped to 4.1% in February from 7.0% in January. Similarly, […]<\/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-649869","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3ea0766c-19ef-45c7-9ef8-cd8202f19009","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649861],"teaser":"","voice_url":""},"yoast_head":"\nInflation rates above 30%, m-o-m rates start to ease - 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\/2017\/03\/12\/inflation-rates-above-30-m-o-m-rates-start-to-ease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation rates above 30%, m-o-m rates start to ease\" \/>\n<meta property=\"og:description\" content=\"Inflation is now easing month-on-month despite having broken the 30% barrier on a y-o-y basis,according to data from the CBE, a sign that the one-off shock of the November 2016 float of the pound may now be starting to taper. 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