inflation | Egypt Oil & Gas
Inflation Falls to 11.4% in May
Egypt’s annual headline consumer price inflation (CPI) fell 1.7% in May 2018, Reuters reported. Figures published by the Central Agency for Public Mobilization and Statistics (CAPMAS) show that CPI inflation fell from...
IMF: Egypt on Positive Trajectory but Inflation Threatens Stability
Egypt has made a “strong start” on its reform program, but high inflation threatens macroeconomic stability, according to the recent IMF report, Egypt Oil & Gas reports. Fiscal and regulatory reforms have improved...
El Molla: Fuel Subsidies Cut is a Must
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that there is no alternative to increasing fuel prices, especially since the cost of petroleum products’ subsidies will exceed EGP 100b...
Egypt Reached Highest Level of Inflation in May
Egypt has reached the highest level of inflation in seven years in May, another challenge for policy makers trying to tackle a shortage of foreign currency that is slowing growth, Bloomberg informed. Annual core infla...
Algeria to Issue Local Debt to Offset Global Oil Price Drop
Algeria plans to issue local-currency debt as a source of financing to offset the collapse in world oil prices, which halved government’s energy revenues last year, Prime Minister, Abdelmalek Sellal said accordi...
Bahrain Approves New Pricing System for Fuels amid Subsidy Cuts
Bahrain’s cabinet has approved a new pricing system for diesel and kerosene introducing a gradual rise of prices for domestic customers, set to take effect in January, reported the Kuwait Times. Bahrain is taking the ...
Oil Prices Ease Inflation in Egypt
Egypt’s annual inflation decreased to hit 7.9% in August, down from 8.3% in July, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The National explains that the current level of infla...
Oil Price Stabilisation to Help Lower Russia’s Inflation
Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country...
