Inflation in Egypt
Egypt - Inflation
Inflation slides in October
Consumer prices increased 1.50% in October over the previous month, accelerating from September's 1.14% rise. October's uptick marked the sharpest increase in prices since October 2020. Looking at the details of the release, prices for transport rose at a quicker rate in October, as did prices for housing and utilities.
Inflation fell to 6.3% in October, following September’s 6.6%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 5.2% in October (September: 5.0%). Lastly, core inflation rose to 5.2% in October, from September’s 4.8%.
Our panelists see inflation averaging 6.6% in CY 2022, which is up 0.1 percentage points from last month’s forecast, and 6.7% in CY 2023.
Egypt - Inflation Data
|Inflation Rate (CPI, annual variation in %)||10.4||13.8||29.5||14.4||9.2|
5 years of economic forecasts for more than 30 economic indicators.
Egypt Inflation Chart
Source: Central Agency for Public Mobilization and Statistics.
|Bond Yield||13.70||0.0 %||Dec 31|
|Exchange Rate||16.04||0.0 %||Jan 01|
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November 10, 2021
Consumer prices increased 1.50% in October over the previous month, accelerating from September's 1.14% rise.
November 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—inched down to a five-month low of 48.7 in October from September’s 48.9.
October 28, 2021
At its monetary policy meeting on 28 October, the Central Bank of Egypt (CBE) opted to leave the overnight deposit, overnight lending and main operation rates unchanged at 8.25%, 9.25% and 8.75%, respectively.
October 20, 2021
The economy expanded 7.7% year-on-year in the fourth quarter of FY 2021 (April–June), according to estimates released by the Ministry of Planning and Economic Development.
October 10, 2021
Consumer prices increased 1.14% over the previous month in September, following August's 0.07% rise.