The Brazilian government announced an exemption from import taxes for a series of food items in a bid to curb inflation. They include olive oil and sardines exported by Arab countries.
Browsing: inflation
Annual price inflation fell to 12.8% in February, down from 24% in January. Vegetable prices saw an 8.2% drop, while costs for water, electricity, and gas remained stable.
The outlook for this year points to expansion with controlled inflation, even amid rising domestic demand in the North African country.
Even at a slower pace, inflation ended 2024 with a rise of 45.24%. A year earlier, prices had risen by over 200%.
The International Monetary Fund (IMF) reports that the country has adopted economic measures that foster growth beyond the oil sector.
Price increases slowed down in the final months of the year, according to data from the National Institute of Statistics.
According to an IMF report, Egypt is showing signs of recovery, with a better inflation rate and positive results of the unification of the exchange rate.
Inflation is declining, while the country cuts subsidies in a bid to battle a budget deficit.
Central Bank expects inflation to fall below year-on-year 7% in the second half of 2024 and continue to gradually ease.
The central bank bumped its 2024 economic growth forecast despite the historic floods in Brazil’s southernmost state of Rio Grande do Sul that caused a significant downturn.
Two Egyptian banks have issued new savings certificates with a 25% yield after one year. The move come against a backdrop of a shortage in US dollars in the domestic market, rising inflation and devaluation of the Egyptian pound.
The Arab country recorded a lower price increase in May compared to April. Transport prices have decreased. There was also deflation in clothing and footwear.
An IMF report points out that the Arab country is seeing an economic recovery due to policy actions to mitigate the impact of the pandemic and households, as well as increased hydrocarbon prices.
According to the IMF, products such as food have been strongly impacted by inflation in the Middle East and North Africa region.
