Inflation in Egypt
Egypt - Inflation
Inflation increases to over one-year high in September
Consumer prices increased 1.14% over the previous month in September, following August's 0.07% rise. September's result was the highest reading since October 2020. The increase was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for medical care grew at a faster rate.
Inflation increased to 6.6% in September from August’s 5.7%. September's reading was the highest inflation rate since January 2020. Annual average inflation ticked up to 5.0% in September (August: 4.8%). Lastly, core inflation rose to 4.8% in September, from August’s 4.5%.
Our panelists see inflation averaging 5.4% in CY 2021 and 6.5% in CY 2022, which is unchanged from last month’s forecast.
Egypt - Inflation Data
|Inflation Rate (CPI, annual variation in %)||10.4||13.8||29.5||14.4||9.2|
5 years of economic forecasts for more than 30 economic indicators.
Egypt Inflation Chart
Source: Central Agency for Public Mobilization and Statistics.
|Bond Yield||13.70||0.0 %||Dec 31|
|Exchange Rate||16.04||0.0 %||Jan 01|
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October 10, 2021
Consumer prices increased 1.14% over the previous month in September, following August's 0.07% rise.
October 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—dropped to a four-month low of 48.9 in September from August’s 49.8.
September 16, 2021
At its monetary policy meeting on 16 September, the Central Bank of Egypt (CBE) kept the overnight deposit, overnight lending and main operation rates unchanged at 8.25%, 9.25% and 8.75%, respectively.
September 9, 2021
Consumer prices increased 0.07% in August over the previous month, a smaller increase than July's 0.87% rise.
September 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI)—which measures business activity in the non-oil private sector—rose to 49.8 in August from 49.1 in July.