{"id":654909,"date":"2024-11-10T00:00:00","date_gmt":"2024-11-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/"},"modified":"2024-11-10T00:00:00","modified_gmt":"2024-11-10T00:00:00","slug":"inflation-is-on-the-rise-for-a-third-consecutive-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/","title":{"rendered":"Inflation is on the rise for a third consecutive month"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, all, and welcome to the start of a new workweek.<\/strong> This one seems to be kicking off with cooler weather and hotter prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Inflation continues inching up:<\/strong> Annual urban inflation rose 0.1 percentage points to 26.5% in October, extending its upward trajectory for a third consecutive month, according to data from state statistics agency Capmas. The increase, which came off the back of rising food and beverage prices, follows September\u2019s modest 0.2 percentage point increase to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c7c709e1-e024-43f6-891f-8690610c2724\/%253cmark%253einflation%253c%2Fmark%253e-accelerates-for-a-second-month-in-september-to-26.4%2525\" style=\"\" rel=\"noopener\">26.4%<\/a> but remains well below October 2023\u2019s reading of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c463d2d9-390f-4e0c-b240-5dbf10bf591a\/%253cmark%253einflation%253c%2Fmark%253e-eases-for-the-first-time-in-five-months-in-october,-slower-than-analyst-expectations\" style=\"\" rel=\"noopener\">35.8%<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BTC closes in on USD 80k amid Trump\u2019s victory: <\/strong>BTC surged to a record USD 79.8k on Sunday, continuing a crypto winning streak that began after Donald Trump clinched the US presidential contest last week, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-10\/bitcoin-btc-on-cusp-of-80-000-for-first-time-on-optimism-over-trump?srnd=homepage-asia\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Trump has pledged to support the digital asset sector by building a strategic BTC stockpile and appointing pro-crypto regulators \u2014 a project that may be bolstered by a Republican-controlled Congress. BTC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37c929fe-a564-40b0-89c7-d5d74484734a\/equities,-currencies,-and-bonds-react-to-trump%25e2%2580%2599s-reelection\" style=\"\" rel=\"noopener\">soared nearly 9%<\/a> following last Tuesday\u2019s election, hitting USD 76k as investors linked Trump\u2019s victory to potential crypto-friendly policies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- US cracks down on chip shipments to China:<\/strong> The US Commerce Department has directed Taiwan Semiconductor Manufacturing Company (TSMC) to halt shipments of advanced semiconductor chips to Chinese customers in the AI and GPU sectors, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/us-ordered-tsmc-halt-shipments-china-chips-used-ai-applications-source-says-2024-11-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. This comes after TSMC found one of its chips in a Huawei AI processor in violation of stringent controls on the export of US chips to China.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Will the \u201cold rent\u201d law soon be revamped?<\/strong> The Supreme Constitutional Court ruled yesterday the fixed rent for residential properties stipulated in the so-called <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba456530-84e8-4f51-b12d-40a44eb76292\/\" style=\"\" rel=\"noopener\">\u201cold rent\u201d law<\/a> as unconstitutional and called on lawmakers to amend the first two articles of the law before the legislative season comes to a close.<\/li>\n<li><strong>Oil Ministry launches new company to pursue green aviation fuel ambitions:<\/strong> The Oil Ministry launched the Sustainable Aviation Fuel Production Company, which will invest USD 530 mn to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fd53fdc-ed59-4219-9f14-e3ab535b0640\/egypt%25e2%2580%2599s-oil-ministry-kicks-off-usd-530-mn-sustainable-aviation-fuel-project\" style=\"\" rel=\"noopener\">develop production facilities and integrate the facility<\/a> with other petroleum companies in Alexandria governorate.<\/li>\n<li><strong>Gulf of Suez mega wind farm looks close to securing 20% of its total funding: <\/strong>Saudi renewables giant ACWA Power and Hassan Allam Utilities (HAU) are in talks with the European Bank of Reconstruction and Development (EBRD) over a proposed USD 200 mn loan to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5724322f-73a4-4a47-a93b-9501e054971b\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-power%25e2%2580%2599s-1.1-gw-gulf-of-suez-wind-farm\" style=\"\" rel=\"noopener\">help finance the alliance's USD 1.06 bn mega wind farm<\/a> planned for the Gulf of Suez.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re expecting the same weather tomorrow, with the mercury hitting a high of 25\u00b0C and low of 17\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, all, and welcome to the start of a new workweek. This one seems to be kicking off with cooler weather and hotter prices. THE BIG STORY TODAY Inflation continues inching up: Annual urban inflation rose 0.1 percentage points to 26.5% in October, extending its upward trajectory for a third consecutive month, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":654910,"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":[7213],"tags":[104,633,182,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-inflation","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"13e3a2a4-7873-4fb9-ac2e-8587f4cfb1bb","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/3\/760.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[654907],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.9ef38c74-271b-4c11-b340-5423cd325e96.mp3"},"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>Inflation is on the rise for a third consecutive month - 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\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation is on the rise for a third consecutive month\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, all, and welcome to the start of a new workweek. This one seems to be kicking off with cooler weather and hotter prices. THE BIG STORY TODAY Inflation continues inching up: Annual urban inflation rose 0.1 percentage points to 26.5% in October, extending its upward trajectory for a third consecutive month, according to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/760.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Inflation is on the rise for a third consecutive month\",\"datePublished\":\"2024-11-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/\"},\"wordCount\":529,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/760.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterprisePM\",\"inflation\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/inflation-is-on-the-rise-for-a-third-consecutive-month\/\",\"name\":\"Inflation is on the rise for a third consecutive month - 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It\u2019s a mostly good news kind of Wednesday, with the entry of Saudi sovereign wealth fund PIF getting the ball rolling on its pledged USD 10 bn of investments in Egypt, while inflation figures didn\u2019t extend their brief cool-off last month.THE BIG STORIES TODAY KSA makes\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638134,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/08\/egypts-inflation-drops-to-lowest-level-in-19-months\/","url_meta":{"origin":654909,"position":1},"title":"Egypt\u2019s Inflation drops to lowest level in 19 months","author":"enterpriseam admin","date":"8 August 2024","format":false,"excerpt":"Good afternoon, folks, and happy Thursday. We hope you all get some much-needed rest this weekend.THE BIG STORY TODAY Inflation falls for the fifth consecutive month: Annual headline inflation in Egyptian cities eased by 1.8 percentage points to 25.7% in July, down from 27.5% in June, according to figures from\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":673299,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/08\/inflation-continues-its-downward-trend-for-the-fourth-consecutive-month\/","url_meta":{"origin":654909,"position":2},"title":"Inflation continues its downward trend for the fourth consecutive month","author":"enterpriseam admin","date":"8 October 2025","format":false,"excerpt":"Good afternoon, friends, and congratulations on making it through another successful workweek, even if it was a short one. **A QUICK PROGRAMMING NOTE- EnterprisePM is taking a publication holiday tomorrow in observance of Armed Forces Day, and will be back in your inboxes on Sunday afternoon. Until then, enjoy the\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/880.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650764,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/09\/inflation-inches-up-once-again\/","url_meta":{"origin":654909,"position":3},"title":"Inflation inches up once again","author":"enterpriseam admin","date":"9 October 2024","format":false,"excerpt":"Good afternoon, friends, and a happy Wednesday to you all.THE BIG STORY TODAY Inflation nudges higher in September: Annual headline urban inflation ticked up 0.2 percentage points from the month before to 26.4% in September, according to data from state statistics agency Capmas. The slight acceleration marks the second consecutive\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669873,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/10\/inflation-cools-for-second-consecutive-month-hitting-13-9-in-july\/","url_meta":{"origin":654909,"position":4},"title":"Inflation cools for second consecutive month, hitting 13.9% in July","author":"enterpriseam admin","date":"10 August 2025","format":false,"excerpt":"Good afternoon, friends, and welcome to the start of another workweek. It\u2019s a calm day on the news front, and at home, we\u2019re celebrating a cooling inflation rate. THE BIG STORY TODAY- Annual headline urban inflation cooled further for the second consecutive month to hit 13.9% in July, down from\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/833.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569013,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/annual-inflation-rises-marginally-to-7-2-in-january\/","url_meta":{"origin":654909,"position":5},"title":"Annual inflation rises marginally to 7.2% in January","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"Annual urban inflation rose (ever so slightly) for the third consecutive month in January, inching up to 7.2% from 7.1% in December, according to Capmas figures released yesterday. 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654909","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=654909"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654909\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/654907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654910"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654909"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654909"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}