🔁Mario Nawfal:
🇪🇬EGYPT SAYS INFLATION’S UNDER CONTROL - THE PRICES SAY OTHERWISE
Egypt’s urban inflation just hit 13.9% in April, up from 13.6% - and yes, that’s with food prices cooling off.
Fuel hikes are doing the heavy lifting now, torching wallets month after month with a fresh 1.5% price jump in April alone.
Sure, it’s not the 38% inferno of 2023 - but with its currency devalued, rates jacked 600bps, and IMF billions in play, this is the new “stable”?
Spoiler: If this is under control, we’d hate to see chaos.
Source: Reuters
https://x.com/MarioNawfal/...
🇪🇬EGYPT SAYS INFLATION’S UNDER CONTROL - THE PRICES SAY OTHERWISE
Egypt’s urban inflation just hit 13.9% in April, up from 13.6% - and yes, that’s with food prices cooling off.
Fuel hikes are doing the heavy lifting now, torching wallets month after month with a fresh 1.5% price jump in April alone.
Sure, it’s not the 38% inferno of 2023 - but with its currency devalued, rates jacked 600bps, and IMF billions in play, this is the new “stable”?
Spoiler: If this is under control, we’d hate to see chaos.
Source: Reuters
https://x.com/MarioNawfal/...
15 days ago
