Egypt Inflation July 2021

Egypt

Egypt: Inflation comes in at seven-month high in July

August 10, 2021

Consumer prices increased 0.87% in July over the previous month, accelerating from the 0.18% increase logged in June. The figure was largely driven by rising prices for food and non-alcoholic beverages, as well as for housing and utilities.

Inflation increased to 5.5% in July, following June’s 4.9%. July's reading was the highest inflation rate since December 2020. Consequently, the trend pointed up slightly, with annual average inflation coming in at 4.6% in July (June: 4.5%). Lastly, core inflation rose to 4.6% in July, from June’s 3.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.4% in CY 2021, which is unchanged from last month’s forecast, and 6.5% in CY 2022.


Author:, Junior Economist

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Egypt Inflation Chart


Egypt Inflation July 2021

Note: Year-on-year and month-on-month variation of urban consumer price index in %.
Source: Central Agency for Public Mobilization and Statistics (CAPMAS).


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