Inflation in Egypt

Egypt Inflation (eop) | Economic News & Forecasts

Egypt - Inflation (end of period)

Inflation accelerates slightly in January

Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.

Inflation accelerated to 7.2% in January from 7.1% in December, remaining within the lower-half of the Central Bank’s Q4 CY 2020 target range of 6.0%–12.0%. Annual average inflation decelerated to 8.7% in January from 9.2% in December.

Core consumer prices—which do not include volatile prices such as food prices—increased 0.7% in January from the previous month, up from the 0.2% rise in December. Core inflation, meanwhile, accelerated to 2.7% in January from 2.4% in December.

FocusEconomics Consensus Forecast panelists expect inflation to average 7.2% in CY 2020, which is down 0.1 percentage points from last month’s forecast, and 7.4% in CY 2021.

Egypt - Inflation (eop) Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %, eop)10.1  11.1  23.3  21.9  12.0  

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Egypt Inflation (eop) Chart


Egypt Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Agency for Public Mobilization and Statistics.

Egypt Facts

Value Change Date
Bond Yield13.700.0 %Dec 31
Exchange Rate16.040.0 %Jan 01

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Economic News

  • Egypt: Central Bank leaves interest rates unchanged in February

    February 20, 2020

    At its monetary policy meeting on 20 February, the Central Bank of Egypt (CBE) left all interest rates unchanged for the second consecutive meeting.

    Read more

  • Egypt: Inflation accelerates slightly in January

    February 15, 2020

    Consumer prices increased 0.7% in January from the previous month due to higher food and beverage prices, contrasting the 0.2% month-on-month decrease in December, according to a monthly inflation note released on 15 February.

    Read more

  • Egypt: Non-oil private sector PMI plunges in January

    February 5, 2020

    Egypt’s Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, dropped to 46.0 in January from 48.2 in December, indicating a worse deterioration in business conditions in the sector over the previous month and the lowest reading in over two and a half years. Contributing to the downturn in January was the fastest contraction in output among Egyptian businesses in three years, which was largely due to a sharp fall in new orders, partly due to softer export demand for the fourth consecutive month.

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  • Egypt: Central Bank leaves interest rates unchanged in January

    January 16, 2020

    The Central Bank of Egypt (CBE) held interest rates steady at its monetary policy meeting on 16 January, leaving the overnight deposit rate at 12.25%.

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  • Egypt: Inflation jumps in December

    January 9, 2020

    Consumer prices decreased 0.2% in December in month-on-month terms, after decreasing 0.3% in November.

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