{"id":709297,"date":"2026-06-10T00:00:00","date_gmt":"2026-06-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=709297"},"modified":"2026-06-10T12:38:43","modified_gmt":"2026-06-10T12:38:43","slug":"annual-urban-inflation-eases-for-second-consecutive-month-in-may","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/10\/annual-urban-inflation-eases-for-second-consecutive-month-in-may\/","title":{"rendered":"Annual urban inflation eases for second consecutive month in May"},"content":{"rendered":"

\ud83c\udf24\ufe0f Good afternoon, folks, and happy (almost) weekend. <\/strong>The news cycle is picking up, and we\u2019ve got the latest for you below. In today\u2019s issue, we\u2019re breaking down everything you need to know about the potentially record-breaking Super El Ni\u00f1o<\/strong>, and how Egypt may be affected. We also take a look at a scathing political memoir by best-selling author and social activist Naomi Klein<\/strong>, list the friendlies we\u2019re watching tonight, and more. <\/p>\n

Without further ado, the news\u2026<\/strong><\/p>\n

THE BIG STORY TODAY- <\/p>\n

\ud83d\udccd Egypt\u2019s annual urban inflation eased for a second consecutive month in May<\/strong>, dropping 0.3 percentage points to 14.6% y-o-y, broadly in line with market expectations and reinforcing the view that the disinflation trend remains intact, according to Capmas data seen by EnterpriseAM. Prices accelerated on a monthly basis, however, rising 1.6% m-o-m in May ver<\/a>sus 1.1% in April<\/a>.<\/p>\n

Food prices remained the primary driver of monthly increases<\/strong>, with HC Securities economist Heba Monir telling EnterpriseAM that \u201cfood and non-alcoholic beverages, the largest segment by weight, increased by 2.4% m-o-m\u201d on the back of a 2.1% m-o-m uptick in seafood prices and a 2.3% m-o-m rise in vegetable prices.<\/p>\n

^^ We\u2019ll have more on this story in tomorrow\u2019s edition of EnterpriseAM. <\/p>\n

\n

THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 Regional tensions continue to escalate as Iran retaliates with <\/strong>strikes on American bases in Jordan, Bahrain, and Kuwait <\/strong>after the US launched its own retaliatory airstrikes against Iran in response to yesterday\u2019s downing of an Apache helicopter \u2014 which Iran has not claimed responsibility for. Air defense systems in both Bahrain and Kuwait engaged with Iranian missiles, while Jordan intercepted five. The US military said it hit 20 Iranian targets around the Strait of Hormuz earlier today, and Tehran said it will have to reassess diplomatic engagement with the US.<\/p>\n

^^Read more on: CNN<\/a>, CNBC<\/a>, Reuters<\/a>, and the Guardian<\/a>. <\/p>\n

IN <\/strong>THE<\/strong> TECH SPHERE- <\/strong>Apple\u2019s latest Siri AI and iOS 27 launch is making the rounds following this year\u2019s Worldwide Developers Conference. The software updates are said to foreshadow a highly anticipated foldable iPhone<\/a>. We\u2019ll have the full breakdown of the latest WWDC happenings in tomorrow\u2019s edition of EnterprisePM. <\/p>\n

IN <\/strong>OTHER<\/strong> NEWS- <\/strong>Snapchat announced new safety rules for kids aged 13-15, blocking them from sharing Stories and Spotlight posts with strangers on the public feed through a \u201cfriends only\u201d setting. <\/p>\n

^^Read more on: The Verge<\/a> and Mashable<\/a>. <\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n