Egyptian Inflation Slightly Quickens for a Third Straight Month [Yahoo! Finance Canada]
Eastern Company (The) (EML)
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Source: Yahoo! Finance Canada
(Bloomberg) -- Egyptian inflation slightly quickened for a third month, driven by a sharp rise in fuel prices. Most Read from Bloomberg Annual consumer prices in urban areas rose 26.5% in October versus 26.4% the month before, state statistics agency CAPMAS said Sunday. The index increased 1.1% month-on-month, from 2.1% in September. Food and beverage prices, the largest single component of the inflation basket, climbed an annual 27.3% versus 27.7% in September. The North African nation hiked fuel prices by an average of 9.2% in October. That was the third increase this year and was part of a broader plan by Egypt to reduce subsidies and improve the government's finances. Because of the support, Egypt has some of the world's cheapest gasoline and bread. Sunday's data may increase the chances of the central bank keeping interest rates at 27.25% for a fifth consecutive policy meeting when it next convenes on Nov. 21. Most economists expect Egypt won't enact its first rate cut
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EML
Sec Filings
- 11/13/24 - Form 3
- 11/8/24 - Form 8-K
- 11/7/24 - Form SC
- EML's page on the SEC website