Middle East Economic Survey
Higher Commodity Prices And Robust Consumption Raising Egypts Inflation Rate, Says HC
Egypts headline inflation in February 2010 was 12.76% year-on-year as higher commodity prices and robust consumption continue to feed through to higher prices, says the Cairo-based investment bank HC Securities and Investment in an 11 March report. The decline is mainly due to base effects as inflation climbed a modest 0.28% month-on-month. Annual...