“We provided guidance to our franchisees on how to protect their business, their employees and their customers early on, and it is good to see that that guidance is being followed. “Take 5 has always had a people-first philosophy,” said Eric Wollenhaupt, Vice President of Franchise Operations and Training for Take 5. The 19 News report stated that signs that alerted customers to the mask mandate were present, and not only were all employees masked, but the driver of the vehicle was also reminded to wear their mask. The Take 5 Oil Change in Westlake, OH, was randomly chosen and passed with flying colors. Recently the 19 News Investigative Team went undercover utilizing hidden cameras to see if auto shops in northeast Ohio were adhering to the mask mandate. As an essential business, Take 5 Oil Change centers have stayed open with flexible hours to service their local community. This not only keeps employees and customers safe, but it also provides the car owner with added peace of mind. That model prepared Take 5 to operate safely during the pandemic with a few additional procedures to make the entire “10 minute or less” oil change a touchless visit. The previous headline inflation record of 32.95% was reached in July 2017, eight months after Egypt devalued its currency by half as part of a previous IMF package.Take 5 Oil Change ® has always been known for its unique, fast, customer-friendly stay-in-your-car service model. Prime Minister Mostafa Madbouly is due to give an update on the programme on Tuesday. The first review of the IMF programme has been delayed amid uncertainty over Egypt's pledge to move to a flexible exchange rate and over a government programme to boost the private sector, including by selling stakes in state companies. "Without the power tariff hike, we might see some cooling off in July because of the favourable base year."Įgypt, the Arab world's most populous nation, has devalued its currency by about half since March 2022 after the fallout from Russia's invasion of Ukraine exposed its economic vulnerabilities and prompted it to seek assistance from the International Monetary Fund under a $3 billion loan programme. "Assuming we see power tariffs being hiked in July, annual inflation could remain high for a longer duration," said Allen Sandeep of Naeem Brokerage. Increases in electricity tariffs, which the government has deferred in an effort to soften the impact of inflation, could reinforce price pressures through the summer. The bank has held rates steady in its last two meetings, after raising them by a total of 1,000 basis points since March 2022. The continuing surge in inflation may increase pressure on Egypt's central bank to raise interest rates at its next scheduled meeting on Aug. "It's forced me to think creatively because there aren't enough jobs here that pay decent salaries."Īnalysts had forecast the record reading for annual urban consumer price inflation in June, citing an unfavourable base effect and an increase in consumer demand over the annual Eid al-Adha holiday.Ĭore inflation, which strips out fuel and some volatile food items, also hit a record of 41%, up from 40.3% in May, the central bank said. "All we hear about is inflation," said Wafaa Youssry, a 40-year-old Uber driver from Cairo, who said she no longer had enough money to send her children to private schools despite her husband moving to Kuwait for better pay. Prices have soared as Egypt has struggled through a shortage of foreign currency and repeated devaluations since March 2022, increasing hardships for many Egyptians who have seen their living standards eroded in recent years. Currency has lost about 50% against dollarĬAIRO, July 10 (Reuters) - Egypt's year-on-year headline inflation rose to a record 35.7% in June from 32.7% in May, official data showed on Monday, accelerating past the previous high reached in 2017 and reflecting acute economic strains since early last year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |