Egypt's annual inflation rate to fall to 28.1%
The Central Bank of Egypt anticipates that in 2025, inflation will continue to drop
The Egypt’s Central Agency for Public Mobilisation and Statistics (CAPMAS) reports that the country's annual urban inflation rate decreased from 32.5 per cent in April 2024 to 28.1 per cent in May 2024. This information was provided by Daily News Egypt, a partner of TV BRICS.
Additionally, the Central Bank of Egypt (CBE) determined that monthly core inflation in May 2024 was -0.8 per cent, a decrease from 2.9 per cent in the same month the previous year and 0.3 per cent in April 2024.
The report claims that the cost of the following food groups has decreased nationwide: bread and cereals, meat and poultry, fish and shellfish, dairy products, cheese and eggs, oils and fats, vegetables, sugar and sweet foods, other food items, and prepared meals.
On the other hand, fruits, coffee, tea, and cocoa, textiles, ready-made clothing, shoes, rentals, tobacco, home goods, and utilities all saw price hikes.
Additionally, the CBE anticipates a sharp drop in inflation in the first half of 2025.
Photo: iStock
-
![]()
Economy03.10.26Oman exports 4,500 tonnes of squid to 19 countries in 2025 -
![]()
Economy02.10.26Iran-Belarus trade hits US$76 million as agricultural and industrial ties deepen -
![]()
Economy02.10.26Brazil plans to increase share of renewable energy to over 80% by 2055 -
![]()
Economy01.10.26Indonesia to train representatives from six African countries in trade and investment development -
![]()
Economy30.09.26How land restoration is becoming new investment sector -
![]()
Economy30.09.26Iran reduces customs clearance time as trade facilitation reforms accelerate
-
![Evgeny Solntsev]()
Evgeny SolntsevGovernor of Orenburg Region (Russia)"We see growth year after year. Last year, the figure increased by 11.6 per cent. The total share of our products on the sales market is around 24.7 per cent. BRICS countries account for a quarter of all our products. Good-neighbourly relations with Kazakhstan are very important for us. Then come China and India. We primarily focus on these countries because they are our closest neighbours" -
![Elias Monage]()
Elias MonageChairman of the South African side of the Russia-South Africa Business Council"If we are then to do a huge project, for example, on rail infrastructure, we can then bring the rest of the continent to participate in the rail development and infrastructure for the continent together with the partners within the BRICS countries. Whether we then bring, for example, Russia rail, we then bring India, we then bring China" -
![Maksim Reshetnikov]()
Maksim ReshetnikovRussian Minister of Economic Development"Plan 2030 has created a strong foundation for the qualitative expansion of trade and economic ties. There are all grounds to believe that by the end of the decade, Russia–China trade will reach US$300 billion"
