Egypt Inflation March 2018

Egypt

Egypt: Inflation declines for eighth consecutive month in March

April 10, 2018

In March, urban consumer prices rose 0.99% from the previous month, accelerating from February’s 0.29% increase. March’s increase was driven by higher prices for food and non-alcoholic beverages.

Urban inflation continued its descent in March, slowing to 13.3% from 14.4% in February—marking the eighth consecutive slowdown and the lowest figure since May 2016. Urban core inflation also moderated, falling to 11.6% from 11.9% in the prior month. Both inflation indicators were affected by favorable base effects and tight monetary conditions. Meanwhile, annual average inflation decelerated to 25.3% in March from 26.9% in February.

Looking ahead, inflation should continue its downward trend as the impact of past reform measures lessens, although further subsidy cuts could see price pressures briefly flare up again later this year. Last month, FocusEconomics Consensus Forecast participants expected inflation to average 14.4% in calendar year 2018 and 11.6% in calendar year 2019.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Egypt? Download a sample report now.

Download

Egypt Inflation Chart


Egypt Inflation March 2018 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).


Egypt Economic News

  • Egypt: Central Bank leaves interest rates unchanged in February

    February 20, 2020

    At its monetary policy meeting on 20 February, the Central Bank of Egypt (CBE) left all interest rates unchanged for the second consecutive meeting.

    Read more

  • Egypt: Inflation accelerates slightly in January

    February 15, 2020

    Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.

    Read more

  • Egypt: Non-oil private sector PMI plunges in January

    February 5, 2020

    Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, dropped to 46.0 in January from 48.2 in December, indicating a worse deterioration in business conditions in the sector over the previous month and the lowest reading in over two and a half years. Contributing to the downturn in January was the fastest contraction in output among Egyptian businesses in three years, which was largely due to a sharp fall in new orders, partly due to softer export demand for the fourth consecutive month.

    Read more

  • Egypt: Central Bank leaves interest rates unchanged in January

    January 16, 2020

    The Central Bank of Egypt (CBE) held interest rates steady at its monetary policy meeting on 16 January, leaving the overnight deposit rate at 12.25%.

    Read more

  • Egypt: Inflation jumps in December

    January 9, 2020

    Consumer prices decreased 0.2% in December in month-on-month terms, after decreasing 0.3% in November.

    Read more

More news

Search form