Inflation in Egypt

Egypt Inflation | Economic News & Forecasts

Egypt - Inflation

Inflation slows to an over six-and-a-half year low in August

Consumer prices increased 0.7% in August compared to the previous month, down from the 1.8% increase in July. The slower price increase in August was due to a weaker increase in prices for both housing, water, electricity, gas and other fuels, and transportation, both of which jumped in July following a cut in government fuel subsidies that month.

Inflation decelerated to 7.5% in August from 8.7% in July, dropping further below the 9.0% midpoint of the Central Bank’s Q4 CY 2020 target range of 6.0% to 12.0% and marking the lowest reading since January 2013. August’s reading was driven by a weaker increase in prices for both food and beverages, and housing, water, electricity, gas and other fuels.

Core inflation, which excludes energy prices, slowed to 4.9% in August from 5.9% in July. Average inflation over the past 12 months moderated to 12.8% in August from 13.4% in July.

FocusEconomics Consensus Forecast panelists expect inflation to average 11.7% in CY 2019, which is down 0.4 percentage points from last month’s forecast, and 9.7% in CY 2020.

Egypt - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)9.5  10.1  10.4  13.8  29.5  

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Egypt Inflation Chart

Egypt Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Agency for Public Mobilization and Statistics.

Egypt Facts

Bond Yield14.500.0 %Sep 04
Exchange Rate16.520.0 %Sep 04
Stock Market1,3760.53 %Sep 04

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