REVEALED: Capmas | Vintage Vibes

Egypt's official annual headline inflation rate leaped to 31.9 percent in February from 25.8 percent in January, its highest in five and a half years, according to official data published by statistics agency CAPMAS on Thursday. The government, meanwhile, has declared that the state is ready to provide new "support…

Egypt's annual urban consumer price inflation jumped to a higher-than-expected 25.8% in January, data from statistics agency CAPMAS showed on Thursday. The rise from 21.3% in December followed a series of currency devaluations starting in March 2022, a prolonged shortage of foreign currency, and continuing delays in getting imports into…

Egypt’s annual urban consumer inflation rose to 15% in September, its highest in four years, data from the country’s statistics agency CAPMAS showed on Monday. Inflation increased to 15% year-on-year from 14.6% in August, according to CAPMAS data. This was the highest since November 2018, when it hit 15.7%. The…

Egypt’s trade deficit declined by 12.4% year-on-year (YoY) in June, according to data released on Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $3.21 billion in June, down from $3.66 billion for the same month…

Preliminary data on Egypt’s manufacturing and extractive industries production showed that the sector grew by 6.56 percent on a month-on-month basis in June 2022, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The manufacturing and extractive industries index — excluding crude oil and petroleum products — reached…

Egypt's Ministry of Trade and Industry will focus on developing the local industry, increasing the proportions of the local component, providing raw materials and production requirements, encouraging modern technologies, and localizing several sectors. Newly-appointed Trade and Industry Minister Ahmed Samir said the ministry would work to restore the status of…

Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed on Wednesday. Month on month, headline inflation increased by 1.3%, compared to a 0.1% decrease in June. Among the biggest annual price increases were food and beverages…

Egypt registered a primary surplus of EGP98.5 billion ($5.23 billion) in the 2021/22 financial year to June 30, the country’s finance ministry said on Thursday. The overall budget deficit stood at 6.1% of GDP, the statement added. Meanwhile, Egypt’s annual urban consumer inflation slowed to 13.2% year-on-year in June from…

Egypt's annual inflation rate jumped to 12.1 percent in March 2022, compared to 4.8 percent in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics (CAPMAS). On a monthly basis, the country's Consumer Price Index (CPI) increased 2.4 percent from…