Inflation Rate Falls Down to 11.1 %

Planning Minister Hala El-Saeed explained that the decline of monthly inflation rate to 11.1 % in December 2018, the lowest in 33 months since 2016, is among the positive indicators combined with the notable retreat of the average inflation rate in the first half of 2018/19 to record 14.1 % compared to 30.2 % in the same corresponding period of 2017/18.

El-Saeed reported that the country registered economic growth estimated at 5.6% in third quarter of 2018-19, compared to 5.4 % the year before.

Also, she pointed out to the package of legislative and institutional reforms implemented by the government to enhance competitive abilities and retain the trust of investors such as; the liberalisation of the exchange rate, boosting foreign currency reserves and bringing down both the deficit of state budget and public.

Egypt’s national economic and social reform programme mainly aim to attaining inclusive and sustainable growth through undertaking structural reforms in several sectors,

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