Egypt Inflation June 2020

Egypt

Egypt: Inflation accelerates in June

July 9, 2020

Consumer prices increased 0.08% in June over the last month, contrasting the 0.02% drop logged in May. Looking at the details of the release, medical care prices rose at a quicker pace in June compared to the previous month, while prices for transportation rose at a slower pace.

Inflation increased to 5.6% in June, above May’s 4.7% and coming closer to the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation fell to 5.7% in June (May: 6.0%). Core inflation fell to 1.0% from May’s 1.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.3% in CY 2020, which is up 0.6 percentage points from last month’s forecast, and 7.8% in CY 2021.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation June 20 20

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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