#increase
Egypt’s inflation rate, which stood around 30 percent in May, is expected to rise by between 3 and 4.5 percentage points following last week’s fuel price hike, Deputy Finance Minister Ahmed Kojak told Reuters last week. On 25 July, Egypt increased fuel prices by up to 50 percent to help meet the terms of a USD 12 billion (EGP 579.12 billion) International Monetary Fund (IMF) loan agreement. After the central bank floated the pound currency in November as part of…
