Inflation in Egypt

Egypt Inflation | Economic News & Forecasts

Egypt - Inflation

Inflation declines to lowest level since March in June

Consumer prices fell 0.16% from the previous month in June, contrasting May's 1.03% increase. June's result marked the sharpest fall in prices since January 2021. The figure was primarily driven by dropping prices for food and non-alcoholic beverages.

Inflation halted its upward trend in June and surprised analysts on the downside, coming in at 13.1%, which was down from May’s 13.5%. While June's result marked the weakest inflation rate since March, it still was above the upper bound of the Central Bank’s 5.0–9.0% target band for a fourth consecutive month. Still, annual average inflation rose to 8.5% in June (May: 7.8%). Lastly, core inflation rose to 14.6% in June, from the previous month's 13.3%.

Our panelists see inflation averaging 13.5% in CY 2022, which is up 1.1 percentage points from last month’s forecast, and 9.4% in CY 2023.

Egypt - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)10.4  13.8  29.5  14.4  9.2  

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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

Value Change Date
Bond Yield13.700.0 %Dec 31
Exchange Rate16.040.0 %Jan 01

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