Inflation rates fluctuate in Egypt and Japan in May
TL;DR Summary
Egypt's annual core inflation rose to 40.3% in May from 38.6% in April due to a series of currency devaluations, a prolonged shortage of foreign currency, and continuing delays in getting imports into the country. The IMF approved a $3 billion Extended Fund Facility loan for Egypt in December, which will be disbursed over 46 months. The central bank has raised its overnight interest rates by 500 basis points.
- Egypt's core inflation rises to 40.3% in May Reuters
- Egypt's monthly inflation up 2.7% in May, annual rate up 33.7% ZAWYA
- Japan's wholesale inflation eases for 5th straight month in May Forex Factory
- Japan's wholesale inflation eases, goods close to consumers continue to rise Reuters.com
- May 2023 CPI inflation preview: CPI inflation likely to fall lower, may even touch two-year low BusinessLine
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