Latest reading: Inflation dipped to 1.1% in June, down from May’s 1.2% and representing the lowest inflation rate in over...
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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