
Egypt’s annual headline inflation eased to 12% in October, but the pound had weakened 13.8% against the dollar since the start of the year and monthly core inflation accelerated to 1.2%. The report cites higher import shipping charges, elevated container freight costs and increases in some global food prices as further risks to Egyptian import costs.
A weaker pound and more expensive freight raise the landed cost of imports and could add to local price pressure; higher shipping costs are supportive for ocean freight rates.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.