Cityscape in Egypt

Egypt Inflation February 2020

Egypt: Inflation slows in February

Consumer prices were unchanged in February compared to the previous month, after rising 0.7% in January. February’s subdued reading was partly due to lower prices for fruit and vegetables.

Inflation decelerated to 5.3% in February from 7.2% in January, falling below the lower-half of the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation slowed to 8.0% from 8.7% in January.

Core consumer prices—which do not include volatile prices such as food prices—increased 0.2% in February from the previous month, down from the 0.7% increase in January. Core inflation, meanwhile, slowed to 1.9% in February from 2.7% in January.

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