Egypt Inflation September 2017

Egypt

Egypt: Inflation remains stubbornly high in September despite slight dip

October 12, 2017

In September, urban consumer prices rose 1.00% from the previous month, down from August’s 1.13% rise. September’s price rise was driven by higher vegetable, water and gas prices. Core consumer prices—which exclude several food products and regulated utilities—ticked up 0.19% in September, down from August’s 0.31% rise and marked the lowest figure since August 2015. The evolution of core consumer prices is a clear sign of ebbing underlying cost pressures, even though headline figures continue to be propped up by the impact of the government’s IMF-backed reform program.

Urban inflation fell from 31.9% in August to 31.6% in September. Meanwhile, annual average inflation rose from 26.5% in August to 27.9% in September.

Looking ahead, inflation should gradually decline as tight monetary policy dampens inflationary pressures. FocusEconomics Consensus Forecast participants expect inflation to average 25.5% in calendar year 2017, and 16.8% in calendar year 2018.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation September 2017

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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