Egypt Inflation December 2021

Egypt

Egypt: Inflation increases in December

January 10, 2022

Consumer prices decreased 0.08% month-on-month in December, swinging from November’s 0.15% increase, marking the first drop in prices since January 2021. December’s fall was due to prices for food declining at a quicker rate and prices for health services increasing at a softer pace.

Inflation rose to 5.9% in December, up from November’s 5.6%. Meanwhile, the trend was unchanged for the third month running, with annual average inflation coming in at November’s 5.2% in December. Finally, core inflation inched up to 6.0% in December (November: +5.8%), hitting its highest value since at least September 2019.

Our panelists see inflation averaging 6.7% in CY 2022, which is unchanged from last month’s forecast, and 6.6% in CY 2023.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation December 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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