Egypt Inflation August 2021

Egypt

Egypt: Inflation comes in at highest level since November 2020 in August

September 9, 2021

Consumer prices increased 0.07% in August over the previous month, a smaller increase than July's 0.87% rise. August's result marked the weakest reading since January. Looking at the details of the release, the result was driven by moderating price pressures for food and non-alcoholic beverages while price pressures for recreation and culture eased in August.

Inflation rose to 5.7% in August, slightly above July’s 5.4%. August's figure marked the highest inflation rate since November 2020. Consequently, the trend pointed up, with annual average inflation increasing to 4.8% in August (July: 4.6%). Lastly, core inflation fell to 4.5% in August, from the previous month's 4.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.4% in CY 2021, which is unchanged from last month’s forecast, and 6.5% in CY 2022, which is also unchanged from the prior month’s estimate.


Author:, Junior Economist

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Egypt Inflation Chart


Egypt Inflation August 2021

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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