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Home Egypt

PM: Inflation is ‘global phenomenon’

by Gazette Staff
October 9, 2023
in Egypt
PM: Inflation is 'global phenomenon' 1 - Egyptian Gazette
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Egypt’s Prime Minister Mostafa Madbouli asserted inflation is a “global phenomenon”, saying the government is following up prices of commodities around-the-clock.

Speaking at a press conference in the government’s premises in the New Administrative Capital (NAC) on Monday, Madbouli said the inflation issue has been a top priority and the most important issue to the government in the previous period.

The premier added “We are following up around-the-clock the price hikes of foodstuffs, pointing out to global circumstances and crises.”

On a daily basis, there is always something new about big crises worldwide, which are taking their toll on everything, according to him.

Madbouli affirmed that inflation is a “global phenomenon” in all countries and that each country is trying to find its own route to address it.

Tags: EgyptGlobalphenomenonPM

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