Egypt Inflation October 2018

Egypt

Egypt: Inflation accelerates to a 10-month high in October

November 11, 2018

In October, urban consumer prices rose 2.59% from the previous month, more than September’s 2.53% increase. October’s result was largely due to higher prices for food and beverages, coupled with costlier education. Prices for transportation, meanwhile, declined.

Urban inflation accelerated to a 10-month high of 17.7% in October, up from 16.0% in September. Inflation was underpinned by higher prices for food and beverages; housing, water, electricity, gas and other fuels; and transportation. Urban core inflation picked up to 8.9% in October, higher than the 8.6% recorded for September. Meanwhile, annual average inflation slowed to 15.9% in October from 16.8% in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 12.5% in calendar year 2019, which is up 0.4 percentage points from last month’s forecast, and 10.4% in calendar year 2020, which is down 0.3 percentage points from last month’s forecast.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation October 2018

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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