Cityscape in Egypt

Egypt Inflation May 2023

Egypt: Inflation comes in at highest level since July 2017 in May

Inflation increased to 32.7% in May, above April’s 30.5%. May’s figure represented the highest inflation rate since July 2017. The reading was driven by rising price pressures for food and non-alcoholic beverages and transportation.

The trend pointed up, with annual average inflation coming in at 22.5% in May (April: 20.8%). Meanwhile, core inflation rose to 40.3% in May, from April’s 38.6%.

Finally, consumer prices increased 2.72% in May over the previous month, picking up from April’s 1.66% increase.

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