Egypt Inflation September 2021

Egypt

Egypt: Inflation increases to over one-year high in September

October 10, 2021

Consumer prices increased 1.14% over the previous month in September, following August's 0.07% rise. September's result was the highest reading since October 2020. The increase was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for medical care grew at a faster rate.

Inflation increased to 6.6% in September from August’s 5.7%. September's reading was the highest inflation rate since January 2020. Annual average inflation ticked up to 5.0% in September (August: 4.8%). Lastly, core inflation rose to 4.8% in September, from August’s 4.5%.

Our panelists see inflation averaging 5.4% in CY 2021 and 6.5% in CY 2022, which is unchanged from last month’s forecast.


Author:, Junior Economist

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Egypt Inflation Chart


Egypt Inflation September 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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