AIRLINK 74.38 Increased By ▲ 0.13 (0.18%)
BOP 5.10 Increased By ▲ 0.05 (0.99%)
CNERGY 4.44 Increased By ▲ 0.02 (0.45%)
DFML 37.29 Increased By ▲ 1.45 (4.05%)
DGKC 88.92 Increased By ▲ 0.92 (1.05%)
FCCL 22.39 Increased By ▲ 0.19 (0.86%)
FFBL 32.82 Increased By ▲ 0.10 (0.31%)
FFL 9.85 Increased By ▲ 0.06 (0.61%)
GGL 10.88 Increased By ▲ 0.08 (0.74%)
HBL 116.49 Increased By ▲ 0.59 (0.51%)
HUBC 135.26 Decreased By ▼ -0.58 (-0.43%)
HUMNL 9.92 Increased By ▲ 0.08 (0.81%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.80 Increased By ▲ 0.14 (3%)
MLCF 40.00 Increased By ▲ 0.12 (0.3%)
OGDC 137.78 Decreased By ▼ -0.12 (-0.09%)
PAEL 26.73 Increased By ▲ 0.30 (1.14%)
PIAA 26.15 Decreased By ▼ -0.13 (-0.49%)
PIBTL 6.79 Increased By ▲ 0.03 (0.44%)
PPL 122.80 Decreased By ▼ -0.10 (-0.08%)
PRL 26.85 Increased By ▲ 0.16 (0.6%)
PTC 14.20 Increased By ▲ 0.20 (1.43%)
SEARL 59.29 Increased By ▲ 0.59 (1.01%)
SNGP 71.00 Increased By ▲ 0.60 (0.85%)
SSGC 10.50 Increased By ▲ 0.14 (1.35%)
TELE 8.63 Increased By ▲ 0.07 (0.82%)
TPLP 11.26 Decreased By ▼ -0.12 (-1.05%)
TRG 64.31 Increased By ▲ 0.08 (0.12%)
UNITY 26.10 Increased By ▲ 0.05 (0.19%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,853 Increased By 15 (0.19%)
BR30 25,497 Increased By 37 (0.15%)
KSE100 75,000 Increased By 69.4 (0.09%)
KSE30 24,160 Increased By 13.9 (0.06%)

imageCAIRO: Egypt's annual urban consumer inflation quickened to 11.8 percent in October from 11.1 percent in September, the official statistics agency CAPMAS said on Monday.

Inflation fell in September after a rise this summer triggered by the government's introduction of fuel price increases.

Annual inflation reached its highest rate in nearly four years a year ago, then began falling until the fuel price hikes in July.

Mohamed Abu Basha, an economist at EFG-Hermes, said he had predicted a smaller increase.

"It came above expectations and that's solely due to the jump in the category of education", he said, noting that the back-to-school period usually spurs a price hike but not the 25 percent registered by CAPMAS for October.

He said other items across the consumer basket saw mild increases, such as 0.9 percent month-on-month for food prices.

The Arab world's most populous country has been trying to repair an economy battered by political upheaval, street protests and militant violence since a popular uprising toppled autocrat Hosni Mubarak in 2011.

President Abdel Fattah al-Sisi's government has started implementing politically sensitive economic reforms such as slashing energy subsidies in a bid to narrow the budget deficit and gain the confidence of foreign investors.

Copyright Reuters, 2014

Comments

Comments are closed.