Egypt Inflation March 2019

Egypt

Egypt: Inflation eases in March

April 10, 2019

Consumer prices rose 0.8% in March compared to the previous month, down from the 1.7% rise in February. The downtick was due to a weaker increase in fruit and vegetable prices.

Inflation ticked down to 14.2% in March from 14.4% in February, but remained outside of the Central Bank of Egypt’s Q4 CY 2020 target range of 9.0% plus or minus three percentage points. Meanwhile, core inflation decelerated to 8.9% from to 9.2%, and annual average inflation increased slightly to 14.1% from 14.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 12.0% in CY 2019, which is down 0.1 percentage points from last month’s forecast, and 10.2% in CY 2020.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation March 2019

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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