Egypt Inflation October 2021

Egypt

Egypt: Inflation slides in October

November 10, 2021

Consumer prices increased 1.50% in October over the previous month, accelerating from September's 1.14% rise. October's uptick marked the sharpest increase in prices since October 2020. Looking at the details of the release, prices for transport rose at a quicker rate in October, as did prices for housing and utilities.

Inflation fell to 6.3% in October, following September’s 6.6%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 5.2% in October (September: 5.0%). Lastly, core inflation rose to 5.2% in October, from September’s 4.8%.

Our panelists see inflation averaging 6.6% in CY 2022, which is up 0.1 percentage points from last month’s forecast, and 6.7% in CY 2023.


Author:, Junior Economist

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Egypt Inflation Chart


Egypt Inflation October 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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