Egypt Inflation January 2020

Egypt

Egypt: Inflation accelerates slightly in January

February 15, 2020

Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.

Inflation accelerated to 7.2% in January from 7.1% in December, remaining within the lower-half of the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation decelerated to 8.7% in January from 9.2% in December.

Core consumer prices—which do not include volatile prices such as food prices—increased 0.7% in January from the previous month, up from the 0.2% rise in December. Core inflation, meanwhile, accelerated to 2.7% in January from 2.4% in December.

FocusEconomics Consensus Forecast panelists expect inflation to average 7.2% in CY 2020, which is down 0.1 percentage points from last month’s forecast, and 7.4% in CY 2021.


Author:, Economist

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Egypt Inflation January 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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