Egypt Inflation January 2019


Egypt: Inflation ticks up in January

February 10, 2019

In January consumer prices rose 0.6% compared to the previous month, contrasting the 3.4% decrease in December. This most recent outturn was partly due to an increase in prices for fruits and vegetables.

Inflation accelerated to 12.7% in January from 12.0% in December and fell out of the Central Bank of Egypt’s Q4 2020 target range of 9.0% plus or minus three percentage points. Core inflation ticked up to 8.6% in January from 8.3% in December. Meanwhile, annual average inflation slowed to 14.1% in January from 14.4% in December.

Egypt Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 12.5% in calendar year 2019, which is down 0.3 percentage points from last month’s forecast, and 11.0% in calendar year 2020.

Author:, Economist

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Egypt Inflation Chart

Egypt Inflation January 2019

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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