Inflation in Egypt
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
|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||18.00||0.0 %||Jan 16|
|Exchange Rate||17.92||0.0 %||Jan 16|
|Stock Market||1,309||0.53 %||Jan 16|
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January 10, 2019
In December consumer prices fell 3.39% compared to the previous month, more than the 0.76% decrease in November.
January 10, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) ticked up to 49.6 in December from 49.2 in November, which represents a four-month high.
December 27, 2018
At its monetary policy meeting held on 27 December, the Central Bank of Egypt (CBE) left the overnight deposit rate at 16.75%, the overnight lending rate at 17.75% and the main operation rate at 17.25%.
December 10, 2018
In November, urban consumer prices fell 0.76% from the previous month, contrasting October’s 2.59% increase.
December 6, 2018
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) ticked up to 49.2 in November from 48.6 in October.