Arab Nasserite Party: Declining inflation and increasing exports greatly strengthen the economy
Dr. Muhammad Abu Al-Ela, head of the Arab Nasserite Party, said that the decline in inflation and the increases in Egyptian exports significantly strengthen the Egyptian economy, and also enhance the decline in prices in the markets, and it is a positive step that reflects on citizens in a positive and very rapid manner. It also confirms the success of policies The economic reform that Egypt has pursued has achieved a noticeable improvement in growth rates.
Abul Ela explained that the Central Agency for Public Mobilization and Statistics announced a decrease in the annual inflation rate for the entire republic to 25%. for the month of November 2024 compared to 26.3% for the month of October 2024, and the monthly inflation rate decreased -0.1% for the month of November 2024 compared to the month of October of the same year.
He pointed out that the decrease in the prices of grains and bread by -0.3%, the meat and poultry group by -3.0%, the fruit group by -0.4%, the vegetables group by -12.4%, the organized tourist trips group by -0.2%, confirming that the value of exports of petroleum products reached $323.7 million in September 2024, compared to $313.3 million in September 2023, an increase of 146.5%.
In a separate context, he praised Dr. Muhammad Abu Al-Ela, with the success of the “One Day Market” experiment, which was launched by the Ministry of Supply and Internal Trade to provide basic food commodities at reduced prices. For citizens, Muhammad Abu Al-Ela stressed that the one-day markets are an integrated model for supporting merchants and citizens by marketing products at reduced prices to consumers, as they are held weekly to provide goods from The product is delivered directly to the consumer without going through trading circles between merchants, and all basic food commodities are offered at discounts of up to about 30% compared to foreign markets.
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