Inflation in Egypt

Egypt Inflation | Economic News & Forecasts

Egypt - Inflation

Inflation tumbles in December

In December consumer prices fell 3.39% compared to the previous month, more than the 0.76% decrease in November. This most recent outturn was due to a large fall in prices for food and beverages.

Inflation decelerated to 12.0% in December, down from 15.7% in November and within the Central Bank of Egypt’s Q4 2018 target range of 13% plus or minus three percentage points. A new target of 9% plus or minus three percentage points was announced in December for Q4 2020. Core inflation ticked up to 8.3% in December from 7.9% in November. Meanwhile, annual average inflation slowed to 14.4% in December, down from 15.2% in November.

Egypt Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 12.8% in calendar year 2019, which is unchanged from last month’s forecast, and 10.5% in calendar year 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 Yield18.000.0 %Jan 16
Exchange Rate17.920.0 %Jan 16
Stock Market1,3090.53 %Jan 16

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