PM directs ministerial economic group to prioritize economic stability

Prime Minister, Mostafa Madbouly, emphasized the importance of directing the ministerial economic group's efforts towards enhancing economic indicators, with a particular focus on addressing the declining inflation rates.

Madbouly pointed to the decline in inflation rates to about 27.5% in June 2024 compared to about 35.8% during the same month last year.

Core inflation rates also decreased during the same period to record 26.7% in June 2024 compared to about 41% during the same month last year.

He also pointed to the significant improvement in Net foreign reserves to reach $46.4 billion in June 2024.

By Business Today staff

Full story at Business Today Egypt.