POLL-Egypt inflation seen hitting record high in July
- Date: 08-Aug-2023
- Source: Nasdaq
- Sector:Financial Services
- Country:Egypt
POLL-Egypt inflation seen hitting record high in July
Egypt inflation poll data: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EGCPY%3DECI
CAIRO, Aug 8 (Reuters) - Egypt's headline inflation is forecast to climb yet further in July after having hit a record high in June, a Reuters poll showed on Tuesday, as food prices continue to soar.
Capital Economics, which predicted prices would increase by an annual 36.7%, said non-food inflation likely rose as a result of falls in the Egyptian pound.
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