The Clap
Inflation in Egypt rose in July 2022 to reach 13.6%, after it had declined in June 2022 to 13.2%.
The Deets
According to analysts, inflation rising again is natural, especially due to the devaluation of the EGP against the USD and the increasing fuel and diesel prices in July 2022.
Inflation still lower than expected
Some analysts expected inflation to reach 15% due to the increase in diesel prices, which affected the prices of other services.
Inflation is expected to continue to increase in Q3 2022.
The CBE meeting will be held on August 18, 2022, to decide the new interest rates.
Inflation rises once again 📈
