Egypt Inflation June 2021

Egypt

Egypt: Inflation comes in at highest level since December 2020 in June

July 8, 2021

Consumer prices increased 0.19% in June over the previous month, which was below the 0.68% increase seen in May. June's result marked the softest rise in prices since February. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a slower pace in June. Prices for transportation also rose at a softer rate.

Inflation rose to 4.9% in June from May’s 4.8%. June's result represented the highest inflation rate since December 2020. Annual average inflation fell to 4.5% in June (May: 4.6%). Core inflation rose to 3.8% in June, from the previous month's 3.4%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.3% in CY 2021, which is down 0.1 percentage points from last month’s forecast, and 6.6% in CY 2022.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation June 2021 0

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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