Egypt Inflation November 2018

Egypt

Egypt: Inflation decelerates in November

December 10, 2018

In November, urban consumer prices fell 0.76% from the previous month, contrasting October’s 2.59% increase. November’s result was mainly on the back of lower prices for fruits and vegetables, after they were more expensive in September and October due to seasonal factors and temporary supply shocks.

Urban inflation decelerated to 15.7% in November from 17.7% in October. Urban core inflation slowed to 7.9% in November from 8.9% in October. Meanwhile, annual average inflation moderated to 15.2% in November from 15.9% in October.

FocusEconomics Consensus Forecast panelists expect inflation to average 12.8% in calendar year 2019, which is up 0.3 percentage points from last month’s forecast, and 10.3% in calendar year 2020, which is down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Egypt Inflation November 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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