Egypt Inflation

Egypt

Egypt: Annual inflation recedes in April

May 11, 2015

In April, consumer prices increased 0.1% over the previous month, which was well below the 1.5% rise recorded in March. According to the Central Agency for Public Mobilization and Statistics, the increase was mainly driven by higher prices for tobacco, education, and transport. Prices in most other categories increased, although at a slower rate compared to the previous month.

Annual inflation decreased from 11.5% in March to 11.0% in April. Despite the moderation, inflation has remained stubbornly-high since the government cut energy subsidies in October of last year. Annual average inflation inched up from 10.2% in March to 10.3% in April.

FocusEconomics Consensus Forecast participants expect inflation to average 10.0% in calendar year 2015, which is down 0.2 percentage points from last month’s projection. For calendar year 2016, the panel sees average inflation decreasing to 9.3%.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation April 2015

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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