Egypt’s trade deficit dropped by 22.1 per cent in September 2012 compared to the same month last year.
It reached LE16.65 billion compared to LE 21.26 billion in September 2011, the state statistics agency CAPMAS reported.
This is the third consecutive monthly fall in the trade deficit after it fell in July and August.
The trade deficit grew for six consecutive months until Ju
Archive for state statistics
Egypt’s trade deficit soared to LE19 billion ($3.1 billion) in May, 10.2 per cent higher than the same month the year before, the state statistics agency said on Wednesday.
The country’s total trade deficit was LE17.2 billion ($2.8bn) in May 2011.
Wednesday’s figures show the total value of Egyptian exports fell an annual 13.3 per cent to LE15.1 billion. They stood at LE17.4 billion
The urban consumer inflation was 9 percent in the 12 months to March, down from 9.2 percent in February, figures on Egypt's state statistics agency showed on its website on Tuesday.
The urban consumer price index for March was 122.6 versus 112.4 a year earlier, the state statistics agency CAPMAS said.
On a monthly basis, urban inflation increased 1.2 percent.
Tags: urban consumer price index, urban consumer, Urban inflation dips, state statistics
The urban consumer price index for February this year was 121.1 versus 110.9 a year earlier, pushed up by the rising prices of gas and butane cylinders, Egypt's state statistics agency said on its website Saturday.
CAPMAS also said that Egypt's urban consumer inflation climbed to 10.9 percent in the 12 months to February, up from 8.57 percent in January.
CAPMAS said that the main increases in basic commodities were reported in gas and butane cylinders, the prices of which rose 12.4 percent; chicken, which rose 8.4 percent; and tomatoes, which rose 5.1 percent.
About a fifth of Egypt's population of 80 million people lives on US$2 a day. Egypt subsidizes fuel so that the lowest grade, 80 Octane, is sold for just LE1 (around US$0.17) per liter, well below its market value.
The budget set for energy subsidies by the new government amounts to LE95 billion. However, some are demanding that energy subsidies be cut, particularly due to allegations that corporations and the wealthy are the primary beneficiaries.
Tags: urban consumer price index, state statistics, urban consumer
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