Egypt Inflation April 2018

Egypt

Egypt: Inflation declines for ninth consecutive month in April

May 10, 2018

In April, urban consumer prices rose 1.52% from the previous month, accelerating from March’s 0.99% increase. April’s increase was driven by higher prices for food and non-alcoholic beverages.

Urban inflation continued its descent in April, slowing to 13.1% in April from 13.3% in March—marking the ninth consecutive slowdown and the lowest figure since May 2016. Urban core inflation remained unchanged at March’s 11.6% in April. Meanwhile, annual average inflation decelerated to 23.7% in April from 25.3% in March.

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


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation April 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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