Egypt Inflation April 2020

Egypt

Egypt: Inflation picks up in April

May 10, 2020

Consumer prices increased 1.3% in April compared to the previous month, up from the 0.6% increase in March and mainly due to a sharper increase in food and vegetable prices.

Inflation accelerated to 5.9% in April from 5.1% in March, coming closer to the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation slowed to 6.7% in April from 7.3% in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.1% in CY 2020, which is down 0.1 percentage points from last month’s forecast, and 7.3% in CY 2021.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation April 20 20

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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