Egypt Inflation May 2020

Egypt

Egypt: Inflation slows in May, falling further below Central Bank target range

June 10, 2020

Consumer prices were broadly unchanged in May compared to the previous month, after increasing 1.3% in April. May’s balanced reading was due to lower prices for food items compensating price rises for non-food items.

Inflation decelerated to 4.7% in May from 5.9% in April, falling further below the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation slowed to 6.0% in May from 6.7% in April.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.7% in CY 2020, which is down 0.4 percentage points from last month’s forecast, and 7.2% in CY 2021.


Author:, Economist

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Egypt Inflation May 20 20 0

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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