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July 10, 2023
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Egypt CPI inflation 38.24% y-o-y in Jul-23



- Egypt's CPI inflation rate surged to 38.24% year-on-year in July 2023, surpassing the previous month's rate of 36.83%.
- The current inflation rate exceeds both the 1-year average by 11.47 percentage points and the long-run average by a substantial 24.48 percentage points, indicating a deviation from the norm and persistent high inflation.
July 05, 2023
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Egypt PMI 49.1 in Jun-23

- Egypt's PMI in June 2023 reached 49.1, the highest level since August 2021, indicating a gradual recovery in the manufacturing sector.
- Despite the increase, the PMI remains below 50, suggesting ongoing contractionary pressures and the need for sustained improvement for a strong recovery.

July 04, 2023
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Egypt CPI inflation 36.83% y-o-y (consensus 34.5) in Jun-23


- Egypt's CPI inflation rose to 36.83% year-on-year in June 2023, exceeding the consensus forecast of 34.5% and indicating significant inflationary pressure within the economy.
- The June 2023 inflation level was notably higher than both the one-year average by 12.03 percentage points and the long-run average by 23.21 percentage points, necessitating careful monitoring and potential policy interventions to mitigate risks.
June 27, 2023
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Egypt M2 money supply 24.7% y-o-y in Jun-23


- Egypt's M2 money supply grew at a slower pace of 24.7% year-on-year in Jun-23, the lowest since Sep-22.
- The current growth rate is 1.90pp below the one-year average but remains 8.72pp above the long-run average.

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