Egypt's Core CPI Hits a 7-Year High

The video discusses the ongoing inflation and its impact on a deal that has been delayed for six months. The government is preparing for measures like currency devaluation and subsidy cuts, aiming to stabilize prices of basic goods. Despite expectations, the devaluation is delayed, possibly until November, with the IMF's involvement. The central bank is building reserves, but political challenges remain significant.

What has been a major concern affecting the approval of a significant deal?

• Political instability

• Rising inflation

• Increasing unemployment

• Decreasing exports

What measure is the government preparing the public for?

• Expanding public services

• Raising interest rates

• Devaluation of the pound

• Increasing taxes

When is the devaluation of the pound expected to occur?

• Immediately

• In December

• Possibly in November

• Next year

What has the central bank been doing in preparation for the devaluation?

• Increasing foreign investments

• Reducing interest rates

• Cutting government spending

• Building reserves

What is a significant challenge for the government in implementing economic measures?

• Reducing inflation

• Increasing exports

• Gaining public support

• Avoiding political backlash