Cairo – Mubasher: Prime Holding – Investment Research reviewed its forecasts for the inflation rate in Egypt for the fiscal year 2016 – 2017.
Prime raised its inflation rates estimates to range from 19.5% to 20% in FY16/17, amid its expectations that the exchange rate of the US dollar – EGP will extend fluctuating for longer period before reaching a lower stable level.
Earlier, the Central Bank of Egypt stated that country’s annual core inflation rate jumped to 25.86% in December 2016 up from 20.73% at the same month of 2015.
