Inflation in Egypt
Egypt - Inflation
Inflation accelerates slightly in January
Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.
Inflation accelerated to 7.2% in January from 7.1% in December, remaining within the lower-half of the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation decelerated to 8.7% in January from 9.2% in December.
Core consumer prices—which do not include volatile prices such as food prices—increased 0.7% in January from the previous month, up from the 0.2% rise in December. Core inflation, meanwhile, accelerated to 2.7% in January from 2.4% in December.
FocusEconomics Consensus Forecast panelists expect inflation to average 7.2% in CY 2020, which is down 0.1 percentage points from last month’s forecast, and 7.4% in CY 2021.
Egypt - Inflation Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 10.1 | 10.4 | 13.8 | 29.5 | 14.4 |
Egypt Inflation Chart
Source: Central Agency for Public Mobilization and Statistics.
Egypt Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 13.70 | 0.0 % | Dec 31 |
| Exchange Rate | 16.04 | 0.0 % | Jan 01 |
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Economic News
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Egypt: Central Bank leaves interest rates unchanged in February
February 20, 2020
At its monetary policy meeting on 20 February, the Central Bank of Egypt (CBE) left all interest rates unchanged for the second consecutive meeting.
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Egypt: Inflation accelerates slightly in January
February 15, 2020
Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.
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Egypt: Non-oil private sector PMI plunges in January
February 5, 2020
Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, dropped to 46.0 in January from 48.2 in December, indicating a worse deterioration in business conditions in the sector over the previous month and the lowest reading in over two and a half years. Contributing to the downturn in January was the fastest contraction in output among Egyptian businesses in three years, which was largely due to a sharp fall in new orders, partly due to softer export demand for the fourth consecutive month.
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Egypt: Central Bank leaves interest rates unchanged in January
January 16, 2020
The Central Bank of Egypt (CBE) held interest rates steady at its monetary policy meeting on 16 January, leaving the overnight deposit rate at 12.25%.
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Egypt: Inflation jumps in December
January 9, 2020
Consumer prices decreased 0.2% in December in month-on-month terms, after decreasing 0.3% in November.
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