Cityscape in Egypt

Egypt Inflation January 2019

Egypt: Inflation ticks up in January

In January consumer prices rose 0.6% compared to the previous month, contrasting the 3.4% decrease in December. This most recent outturn was partly due to an increase in prices for fruits and vegetables.

Inflation accelerated to 12.7% in January from 12.0% in December and fell out of the Central Bank of Egypt’s Q4 2020 target range of 9.0% plus or minus three percentage points. Core inflation ticked up to 8.6% in January from 8.3% in December. Meanwhile, annual average inflation slowed to 14.1% in January from 14.4% in December.

Egypt Inflation Forecast

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