Egypt's annual urban inflation rate increased to 26.4 per cent in September, from 26.2 per cent in August, as rising electricity, fuel and food costs drove prices higher, according to the latest data from the country's statistics agency Central Agency for Public Mobilisation and Statistics (Capmas).
On a month-on-month basis, inflation rose to 2.3 per cent in September compared to the previous month.
The increase in headline inflation was primarily driven by steeper price rises for previously subsidised goods and services.
Electricity prices jumped 14.9 per cent month-on-month in September, according to Capmas.
The sharp rise in inflation comes after government subsidy cuts, including price increases of up to 15 per cent for a range of fuel products and increases in electricity tariffs from 15 per cent to 40 per cent, in line with a statement from the Ministry of Electricity and Renewable Energy last month.
This followed a 300 per cent increase in the cost of subsidised bread in June.
Food prices also rose significantly this month, contributing to the rising inflation rate.
The cost of vegetables was up 12.4 per cent, dairy products rose by 2.8 per cent, and meat and poultry increased by 0.7 per cent.
Prices increased across other categories, too, data from Capmas showed.
Housing and utilities costs rose 5.1 per cent, driven by higher rental prices and maintenance costs. Furniture and household equipment prices increased 1.4 per cent, while restaurant and hotel prices went up by 1.1 per cent. Health care costs increased 2.1 per cent and education expenses rose 1.8 per cent.
Before August, the country's inflation rate had eased five months in a row after it hit a record high of 40 per cent in September of last year, according to Capmas.
Egypt's economy has faced several challenges in recent years, including high debt levels, inflation and a foreign exchange shortage.
However, the country has made progress in its economic reforms, which has earned it consecutive bailout deals worth more than $60 billion from international partners.
The story in numbers
18
This is how many recognised sects Lebanon is home to, along with about four million citizens
450,000
More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps
1.5 million
There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m
73
The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association
18,000
The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme
77,400
The number of people believed to be affected by the current nationality law, according to the 2009 UN study
4,926
This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
THE 12 BREAKAWAY CLUBS
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
Company%20profile
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Killing of Qassem Suleimani
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Brief scores:
Toss: Australia, chose to bat
Australia: 272-9 (50 ov)
Khawaja 100, Handscomb 52; Bhuvneshwar 3-48
India: 237 (50 ov)
Rohit 56, Bhuvneshwar 46; Zampa 3-46
Player of the Match: Usman Khawaja (Australia)
Player of the Series: Usman Khawaja (Australia)
