Inflation in Egypt
Egypt - Inflation
Inflation comes in at highest level in four years in October
Inflation came in at 16.2% in October, which was up from September’s 15.1%, moving further above the upper bound of the Central Bank’s 5.0–9.0% target band—where it has been for the past eight months. October's figure represented the highest inflation rate since October 2018. Looking at the details of the release, the acceleration was primarily driven by surging prices for food and non-alcoholic beverages, which grew by nearly 24%. Conversely, growth in prices for transportation eased marginally, but still increased by over 17%.
Consequently, the trend pointed up; annual average inflation rose to 11.5% in October (September: 10.6%). Meanwhile, core inflation rose to 19.0% in October, from September’s 18.0%. October’s result marked the sharpest rate since at least September 2019.
Finally, consumer prices increased 2.56% in October over the previous month, accelerating from September's 1.61% rise. October's figure was the highest reading since April.
Our panelists see inflation averaging 11.4% in CY 2023, which is up 1.7 percentage points from last month’s forecast, and 8.0% in CY 2024.
Egypt - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 10.4 | 13.8 | 29.5 | 14.4 | 9.2 |
Egypt Inflation Chart
Source: Central Agency for Public Mobilization and Statistics.
Egypt Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 13.70 | 0.0 % | Dec 31 |
| Exchange Rate | 16.04 | 0.0 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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.
Economic News
-
Egypt: Inflation comes in at highest level in four years in October
November 10, 2022
Inflation came in at 16.2% in October, which was up from September’s 15.1%, moving further above the upper bound of the Central Bank’s 5.0–9.0% target band—where it has been for the past eight months.
-
Egypt: PMI rises to eight-month high in October; conditions still deteriorate sharply
November 3, 2022
The S&P Global Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, inched up to an eight-month high of 47.7 in October, increasing marginally from September’s 47.6.
-
Egypt: Central Bank holds emergency meeting and delivers a 200 basis point hike in October
October 27, 2022
On 27 October, the Central Bank of Egypt (CBE) held an out-of-schedule emergency monetary policy meeting.
-
Egypt: Inflation comes in at near four-year high in September
October 10, 2022
Inflation came in at 15.1% in September, which was up from August’s 14.6%, moving further above the upper bound of the Central Bank’s 5.0–9.0% target band—where it has been for the past seven months.
-
Egypt: PMI is unchanged in September; conditions continue to deteriorate
October 4, 2022
The S&P Global Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, was unchanged at August's six-month high of 47.6 in September.
© Copyright: 2022. | Egypt Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
