
Inflation climbs in August as grocery and gas prices jump
Grocery prices jumped 0.6% in August, fueling a sharper-than-expected jump in inflation last month. Frederic J. Brown/AFP Frederic J. Brown/AFP
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Grocery prices jumped 0.6% in August, fueling a sharper-than-expected jump in inflation last month. Frederic J. Brown/AFP Frederic J. Brown/AFP

A member of the Board of Directors of the Automotive Division of the Federation of Egyptian Chambers of Commerce, Montaser Zeitoun, announced that the used car market has witnessed increased demand recently, exceeding 50 percent, despite significantly increased prices. Zeitoun attributed this demand to the limited supply, coupled with rising prices of brand new cars …
The post Automobile Division expects passenger car prices in Egypt to rise soon appeared first on Egypt Independent.

CNN — US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month. But there’s one product the president is particularly eager to produce in the US: iPhones. “I have long ago informed Tim Cook of Apple that I …
The post iPhone could triple in price to $3,500 if they’re made in the US, analyst warns appeared first on Egypt Independent.

Target on Wednesday became the latest retailer to lower its financial forecast for the year. It downplayed its plans for

New York CNN — The newest iPhones might come with a more expensive price tag this fall — even if the sticker price doesn’t change. Some analysts expect Apple to raise iPhone prices for its new lineup because of President Donald Trump’s tariffs. And the company is considering as much, according to a Wall Street …
The post How Apple could quietly raise the iPhone prices this fall without blaming tariffs appeared first on Egypt Independent.

CNN — US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address. With his sweeping global tariffs now in effect, steep price hikes on products ranging from clothing to electronics could largely be borne by American consumers. Now, a …
The post iPhone could triple in price to $3,500 if they’re made in the US appeared first on Egypt Independent.

A member of the Advisory Committee for Macroeconomics at the Egyptian Cabinet, Mohamed Fouad, explained on Sunday evening the reasons behind the rise in the US dollar price against the Egyptian pound in futures contracts, recording LE59. During a telephone interview with TV host Lamis al-Hadidi on the“Last Word” (Kalema Akhera) TV show, on “ON” …
The post Expert reveals reasons for rise in US dollar price for futures contracts appeared first on Egypt Independent.

The federal government has the power to negotiate the prices Medicare pays for some drugs. Spencer Platt/Getty Images Spencer Platt/Getty

Price of oil rises in anticipation of Trump and ‘maximum pressure campaign’ Surprise sanctions package against Russia has grounded tankers

CNN — As the Palisades fire began intensifying Tuesday evening, Los Angeles real estate executive Keith Wasserman sent out a plea on social media: “Does anyone have access to private firefighters to protect our home in Pacific Palisades? Need to act fast here. All neighbors houses burning. Will pay any amount.” The now-deleted post sparked …
The post Some California residents get extra protection from wildfires – for a price appeared first on Egypt Independent.