Egypt Inflation May 2021


Egypt: Inflation rises in May

June 10, 2021

Consumer prices rose 0.71% in May over the previous month, a smaller increase than the 0.89% rise recorded in April. The figure was primarily due to slower growth in prices for food and non-alcoholic beverages, and transport.

Inflation came in at 4.8% in May, up from April’s 4.1%. May's figure was the highest inflation rate since December 2020. Annual average inflation ticked up to 4.6% in May (April: 4.5%), while core inflation inched up to 3.4% in May, from April’s 3.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.4% in CY 2021, which is down 0.1 percentage points from last month’s forecast, and 6.7% in CY 2022.

Author:, Economist

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Egypt Inflation Chart

Egypt Inflation May 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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