Cityscape in Egypt

Egypt Inflation September 2019

Egypt: Inflation slows to a near seven-year low in September

Consumer price growth in month-on-month terms was flat in September, down from 0.7% in August. The slowdown was partly due to a decrease in prices for food and beverages, contrasting an increase in these prices in August. On the other hand, prices for transportation increased at a much sharper pace in September.

Inflation decelerated to 4.5% in September, down from 7.5% in August and dropping further below the 9.0% midpoint of the Central Bank’s Q4 CY 2020 target range of 6.0% to 12.0%. This result marked the lowest reading since December 2012 and was driven by a moderated increase in food and beverage prices.

Core inflation, which excludes energy prices, slowed to 2.6% in September from 4.9% in August. Average inflation over the past 12 months moderated to 11.9% in September from 12.8% in August.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest