{"id":371968,"date":"2024-08-09T16:34:41","date_gmt":"2024-08-09T19:34:41","guid":{"rendered":"https:\/\/anba.com.br\/?p=371968"},"modified":"2024-08-09T16:54:00","modified_gmt":"2024-08-09T19:54:00","slug":"egypts-inflation-slows-in-july","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/egypts-inflation-slows-in-july\/","title":{"rendered":"Egypt\u2019s inflation slows in July"},"content":{"rendered":"\n<p>S\u00e3o Paulo \u2013 Though still high, Egypt\u2019s annual urban consumer price inflation slid to 25.2% in July from 27.1% in June, the country\u2019s statistics agency <a href=\"https:\/\/www.capmas.gov.eg\/\" target=\"_blank\" rel=\"noopener\">Capmas<\/a> showed on Thursday (8).<\/p>\n\n\n\n<p>Month-on-month, prices fell by 0.5% in July. Food prices rose by 0.6% in July, though they were still 28.6% higher than a year ago.<\/p>\n\n\n\n<p>Egypt secured 36,600 tonnes of sunflower oil through an international tender.<\/p>\n\n\n\n<p>Egypt also launched its largest-ever wheat tender earlier, seeking to import 3.8 million tonnes as it aims to capitalize on a drop in global wheat prices.<\/p>\n\n\n\n<p>Securing wheat at reduced prices could significantly lower Egypt\u2019s import bill, aiding efforts to stabilize the economy.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Inflation suffers effects from budget adjustments<\/strong><\/h2>\n\n\n\n<p>The government raised the price of some subsidized products to battle a budget deficit.<\/p>\n\n\n\n<p>In June, the government raised the price of subsidized bread by 300% and in July the price of fuel by up to 15%. Inflation is expected to end 2024 at 30% and stay below 20% in 2025.<\/p>\n\n\n\n<p>Read more:<br><a href=\"https:\/\/anba.com.br\/en\/egypts-exports-surge-9-8\/\">Egypt\u2019s exports surge 9.8%<\/a><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-371967\">Amir Makar\/AFP<\/div>","protected":false},"excerpt":{"rendered":"<p>Inflation is declining, while the country cuts subsidies in a bid to battle a budget deficit.<\/p>\n","protected":false},"author":2316,"featured_media":371967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[10545,48455,9757,3916,50494],"class_list":{"0":"post-371968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-economy-en","9":"tag-egypt-2","10":"tag-inflation-en","11":"tag-prices","12":"tag-subsidies"},"wps_subtitle":"Inflation is declining, while the country cuts subsidies in a bid to battle a budget deficit.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/371968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=371968"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/371968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/371967"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=371968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=371968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=371968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}