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The publication of the Media Center of the Egyptian Cabinet on its official page on Facebook published a chart "Infographic" Shows receding details Inflation During the past year, after the decline in food prices.
The infograph showed a decrease in the annual average rate of urban inflation (large cities), to 9.2 percent in 2019, compared to 14.4 percent in 2018, 29.5 percent in 2017, 13.8 percent in 2016 and 10.4 percent in 2015 , And 10.1 percent in 2014.
The monthly rate of urban inflation also decreased to record -0.2 percent in December 2019, compared to -0.3 percent in November 2019, 1 percent in October 2019, zero in September 2019, 0.7 percent in August 2019, and 1.8 in July 2019, and -0.8 percent June 2019.
According to data Egyptian governmentThe group of food commodities achieved negative rates – a decrease in prices – in five months during the year 2019 for the Republic of Egypt, to record -0.5 percent in December 2019, compared to -1.5 percent in November 2019, and -1.8 percent for each of October. September 2019, 1 percent in August 2019, 0.8 percent in July 2019, and -2.2 percent in June 2019.
It should be noted that the International Monetary Fund had recently praised the monetary policy of the Central Bank of Egypt, stressing that it contained inflationary pressures that followed the pound float and energy subsidy reforms.
For its part, the World Bank indicated that inflation in Egypt has decreased significantly, paving the way for more monetary easing measures.
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And the publication of the Media Center of the Egyptian Cabinet on its official page on Facebook published a graph “Infographic” explaining the details of the decrease in inflation during the past year, after the decrease in food commodity prices.
The infograph showed a decrease in the annual average rate of urban inflation (large cities), to 9.2 percent in 2019, compared to 14.4 percent in 2018, 29.5 percent in 2017, 13.8 percent in 2016 and 10.4 percent in 2015 , And 10.1 percent in 2014.
The monthly rate of urban inflation also decreased to record -0.2 percent in December 2019, compared to -0.3 percent in November 2019, 1 percent in October 2019, zero in September 2019, 0.7 percent in August 2019, and 1.8 in July 2019, and -0.8 percent June 2019.
According to the data of the Egyptian government, the food commodity group achieved negative rates – a decrease in prices – in five months during the year 2019 for the republic, to record -0.5 percent in December 2019, compared to -1.5 percent in November 2019 and -1.8 percent. For October and September 2019, 1 percent in August 2019, 0.8 percent in July 2019, and 2.2 percent in June 2019.
It should be noted that the International Monetary Fund had recently praised the monetary policy of the Central Bank of Egypt, stressing that it contained inflationary pressures that followed the pound float and energy subsidy reforms.
For its part, the World Bank indicated that inflation in Egypt has decreased significantly, paving the way for more monetary easing measures.
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