# Its effect was not reflected in October inflation… Medhat Nafea: Dollar reaching EGP 56 threatens November prices

> Egyptian economist Medhat Nafea said the October slowdown in inflation did not mean that prices had fallen, attributing it partly to base effects and seasonal factors. He said the pound’s depreciation and higher fuel prices had not yet been fully reflected in inflation data and could push up the prices of some goods in November.

- Date: 2026-11-08 · published 2026-11-09T06:14:21.542Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/88857-its-effect-was-not-reflected-in-october-inflation-medhat-nafea-dollar-reaching
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Further pound weakness raises the cost of imported feed ingredients, while higher fuel costs can add to transport and production expenses. This creates upward cost pressure on Egyptian buyers, though the article gives no commodity-specific price impact.

## Read by commodity

- USDEGP: bullish ▲

## Sources

- almasryalyoum.com: https://www.almasryalyoum.com/news/details/4405091

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.