Egypt Inflation March 2020

Egypt

Egypt: Inflation slows in March

April 15, 2020

Consumer prices were increased 0.6% in March compared to the previous month, up compared to the flat reading in February. March’s reading was mainly due to a higher valued-added tax on tobacco products.

Inflation decelerated to 5.1% in March from 5.3% in February, falling further below the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation slowed to 7.3% from 8.0%.

Core consumer prices—which do not include volatile prices such as food prices—increased 0.4% in March from the previous month, up from the 0.2% increase logged in February. Core inflation, meanwhile, was unchanged at 1.9%.

FocusEconomics Consensus Forecast panelists expect inflation to average 6.2% in CY 2020, which is down 1.1 percentage points from last month’s forecast, and 7.6% in CY 2021.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation March 20 20

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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