Egypt Inflation August 2020


Egypt: Inflation plunges to lowest level since October 2019 in August

September 10, 2020

Consumer prices fell 0.15% in August over the previous month, swinging from July's 0.38% rise. August's result marked the sharpest fall in prices since December 2019. Looking at the details of the release, prices for food and non-alcoholic beverages fell in August, although prices for transportation rose.

Inflation came in at 3.4% in August, below July’s 4.2%. August's figure marked the weakest inflation rate since October 2019. Accordingly, the trend pointed down, with annual average inflation coming in at 5.0% in August (July: 5.3%). Lastly, core inflation rose to 0.8% from July’s 0.7%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.8% in CY 2020, which is down 0.1 percentage points from last month’s forecast, and 7.1% in CY 2021.

Author:, Economist

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Egypt Inflation Chart

Egypt Inflation August 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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