Gold prices surge 5.9% since early March amid market uncertainty
Global gold prices continued their upward trajectory last week, marking a third consecutive weekly gain despite a pullback in the final two trading sessions after reaching an all-time high. Over the past week, gold prices rose by 1.3%, peaking at
Annual urban inflation drops sharply to 12.8% in February 2025: CBE
Egypt’s annual urban headline inflation fell significantly to 12.8% in February 2025, down from 24.0% in January, marking its lowest level in nearly three years. This sharp decline was largely driven by a favorable base effect and stable monthly price
Al-Mashat addresses global growth, inflation, gender equality at Davos 2025
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, participated in several discussions on global growth, inflation, gender equality, and the future of development in Africa. This came during the World Economic Forum (WEF) 2025 in Davos, Switzerland,
CBE explains decline in inflation during December 2024
Annual urban headline inflation decreased to 24.1% in December 2024, down from 25.5% in November 2024, marking the lowest rate in two years. This decline is primarily driven by a reduction in food inflation, which steadily decreased over the course
Gold prices rise amid US inflation data anticipation: Gold Bullion
Gold prices increased in global trading on Tuesday, bolstered by uncertainty surrounding the political plans of US President-elect Donald Trump. Markets are awaiting US inflation data, expected to offer more clarity on the Federal Reserve’s future monetary policy. The global
CBE reports decline in annual core inflation to 23.7% in November
The Central Bank of Egypt (CBE) has reported a slight decrease in annual core inflation, which dropped to 23.7% in November 2024, down from 24.4% in October 2024. Monthly core inflation for November 2024 stood at 0.4%, a decrease from
Egypt’s annual urban inflation slows to 25.5% in November 2024
Egypt’s annual urban inflation rate eased to 25.5% in November 2024, down from 26.5% in October, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly inflation rate registered a modest 0.5%, driven by a 1.9% drop
Egypt’s President reviews economic progress with PM, CBE Governor
President Abdel Fattah Al-Sisi met Monday with Prime Minister Mostafa Madbouly and Central Bank of Egypt Governor Hassan Abdalla to review Egypt’s macroeconomic indicators. The meeting followed a recent visit by the International Monetary Fund (IMF) and its reaffirmation of
Egypt’s annual urban inflation edges up slightly to 26.5% in October
The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported a slight increase in Egypt’s annual urban inflation to 26.5% in October 2024, up from 26.4% in September. Across the country, annual inflation climbed to 26.3% in October from
Annual urban inflation rises to 26.4% in September
The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the annual urban inflation rose to 26.4% in September 2024, compared to 26.2% in August. In a statement released on Wednesday, CAPMAS reported that the monthly urban inflation remained