Cityscape in Egypt

Egypt Inflation June 2018

Egypt: Inflation accelerates in June amid government subsidy cuts

In June, urban consumer prices rose 3.46% from the previous month, substantially more than May’s 0.17% increase. June’s increase was driven by higher prices for food, but also reflected recent fiscal tightening measures enacted by the government: On 2 June, the price of piped drinking water was increased by nearly 50%; electricity prices were hiked on 19 June; and subsidies were cut for a range of energy products on 23 June.

Urban inflation accelerated in June to 14.4%, up from 11.4% in May and ending the ten-month run of slowing inflation. Urban core inflation decelerated to 10.9% in June from 11.1% in May. Meanwhile, annual average inflation decelerated to 20.9% in June from 22.1% in May.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest