Inflation in Egypt
Egypt - Inflation
Inflation rises to a three-month high in February
In January consumer prices rose 1.7% compared to the previous month, up from the 0.6% rise in January and representing the highest month-on-month increase since October. A large increase in fruit and vegetable prices stoked the overall price increase in February.
Inflation accelerated to 14.4% in February from 12.7% in January, marking the highest reading since November and remaining outside of the Central Bank of Egypt’s Q4 2020 target range of 9.0% plus or minus three percentage points. Core inflation accelerated to 9.2% in February from 8.6% in January. Meanwhile, annual average inflation slowed to 14.0% from 14.1%.
Egypt Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 12.1% in calendar year 2019, which is down 0.4 percentage points from last month’s forecast, and 10.8% in calendar year 2020.
Egypt - Inflation Data
|Inflation Rate (CPI, annual variation in %)||9.5||10.1||10.4||13.8||29.5|
5 years of economic forecasts for more than 30 economic indicators.
Egypt Inflation Chart
Source: Central Agency for Public Mobilization and Statistics.
|Bond Yield||16.60||0.0 %||Mar 20|
|Exchange Rate||17.27||0.0 %||Mar 20|
|Stock Market||1,426||0.53 %||Mar 20|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
March 10, 2019
In January consumer prices rose 1.7% compared to the previous month, up from the 0.6% rise in January and representing the highest month-on-month increase since October.
March 5, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) fell to 48.2 in February from 48.5 in January, representing the lowest reading since September 2017.
February 10, 2019
In January consumer prices rose 0.6% compared to the previous month, contrasting the 3.4% decrease in December.
February 5, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) fell to 48.5 in January from 49.6 in December, representing the lowest reading since December 2017.
January 16, 2019
According to an announcement by the Ministry of Planning and Administrative Reform on 16 January, GDP increased 5.3% in October–December (Q2 FY 2019) compared to the same three months a year earlier.