Latest reading: Consumer prices were flat year on year in June, contrasting May’s 0.1% year-on-year decline and market expectations for...
Inflation in Egypt
Consumer price inflation in Egypt averaged 15.8% in the ten years to 2024, in line with the Middle East & North Africa regional average of 5.9%. The 2024 average figure was 28.3%. For more information on inflation, visit our dedicated page.
Egypt Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Egypt from 2014 to 2024.
Source: Macrobond.
Egypt Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.1 | 5.2 | 13.9 | 33.9 | 28.3 |
| Inflation (CPI, ann. var. %, eop) | 5.4 | 5.9 | 21.3 | 33.6 | 24.1 |
Inflation accelerates again in May
Latest reading: Inflation accelerated for the third consecutive month in May, hitting a four-month high of 16.9% from April’s 13.9%. Prices for transport increased more quickly; a cut in fuel subsidies on 11 April—as part of IMF-backed reforms—was in part responsible. Moreover, prices for food and non-alcoholic beverages—the largest component in the consumer price index basket—also rose at a faster clip. Still, the trend pointed down, with annual average inflation coming in at 21.5% (April: 22.4%). Meanwhile, core inflation rose to 13.1% in May from 10.4% in April. Lastly, consumer prices increased 1.88% in May over the previous month, accelerating from April’s 1.34% rise.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Egyptian inflation projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Egyptian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Egyptian inflation projections.
Want to get access to the full dataset of Egyptian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Switzerland: Consumer prices are unchanged in June -
Peru: Inflation remains muted in June Latest reading: Inflation came in at 1.7% in June, matching May’s result and in line with the Central Bank’s 1.0–3.0%... -
Kazakhstan: Inflation increases to a near two-year high in June Latest reading: Inflation rose to 11.8% in June, above May’s 11.3%, marking the highest inflation rate since August 2023, and... -
Kenya: Inflation flatlines below midpoint of the target range in June Latest reading: Inflation was stable at May’s 3.8% in June, remaining below the midpoint of the Central Bank’s 2.5–7.5% target... -
Australia: Inflation nears target floor in May Latest reading: Inflation dropped to 2.1% in May after having stood at 2.4% for a third consecutive month in April.... -
Hong Kong: Inflation moderates in May Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and... -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central...