Inflation in Egypt

Egypt Inflation | Economic News & Forecasts

Egypt - Inflation

Inflation eases in April

Consumer prices rose 0.5% in April compared to the previous month, down from the 0.8% increase in March. The overall increase was supported by seasonally higher prices for fruits and vegetables, but weighed on by barely-changed prices for regulated items and food excluding fruits and vegetables.

Inflation moderated to 13.0% in April from 14.2% in March, but remained outside of the Central Bank’s Q4 CY 2020 target range of 9.0% plus or minus three percentage points. Meanwhile, core inflation decelerated to 8.1% from 8.9%, and annual average inflation was unchanged at 14.1%.

Looking ahead, inflation could face upward pressure from June as the government is set to cut fuel subsidies, although the appreciation of the Egyptian pound since January should somewhat counteract upward pressure.

FocusEconomics Consensus Forecast panelists expect inflation to average 12.2% in CY 2019, which is up 0.2 percentage points from last month’s forecast, and 10.3% 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

ValueChangeDate
Bond Yield16.050.0 %Jun 13
Exchange Rate16.760.0 %Jun 13
Stock Market1,3510.53 %Jun 13

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