Egypt Inflation February 2021

Egypt

Egypt: Inflation rises in February

March 10, 2021

Consumer prices rose 0.15% over the previous month in February, swinging from January's 0.42% fall. The bounce back in price pressures was largely driven by a slower decrease in prices for food and non-alcoholic beverages. In addition, price pressures for transportation also grew mildly.

Inflation came in at 4.5% in February, up from January’s 4.3%. Meanwhile, annual average inflation ticked down to 4.7% in February (January: 4.8%) and core inflation was steady, coming in at January's 3.6% in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in CY 2020, which is down 0.2 percentage points from last month’s forecast, and 6.9% in CY 2021.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation February 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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