Egypt Inflation March 2021

Egypt

Egypt: Inflation steady in March

April 9, 2021

Consumer prices rose 0.62% from the previous month in March, accelerating from February's 0.15% increase. The higher reading was primarily driven by rising prices for food and non-alcoholic beverages.

Inflation came in at 4.5% in March, unchanged from February’s result. Meanwhile, the trend was unchanged with annual average inflation coming in at February's 4.7% in March. Lastly, core inflation ticked up to 3.7% from the previous month's 3.6%.

FocusEconomics Consensus Forecast panelists expect inflation to average 5.9% in CY 2020, which is down 0.2 percentage points from last month’s forecast, and 6.9% in CY 2021.


Author:, Economist

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Egypt Inflation Chart


Egypt Inflation March 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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