Egypt Inflation Rate Climbs to 10.15% in September


In September of 2013, Egyptian annual inflation rate rose to 10.15 percent, after decelerating in August for the first time in five months to 9.74 percent. In the same period, core inflation rate rose to 11.15 percent, the highest rate in 50 months.

Year-on-year, food prices excluding fruits and vegetables climbed to 15.63 percent, from 12.64 percent in August. Transport cost also accelerated to 7.52 percent from 2.63 percent in the previous month. In contrast, prices of housing, water, electricity and other fuels eased to 3.45 percent, from 5.45 percent and cost of medical care slightly decelerated to 10.57 percent, from 10.66 percent in August. 

From August to September, prices jumped by 15.7 percent, compared to a 0.68 percent increase in the previous period, mainly due to higher cost of several food items, including fresh vegetables, poultry, red meat and seafood, and to a lesser extent transport services.

Core CPI which excludes subsidized goods and volatile items such as food and vegetables increased to 1.7 in September, from 0.14 percent in the previous month. The annual rate increased to 11.15 percent, the highest rate since March of 2009.

Egypt Inflation Rate Climbs to 10.15% in September


Central Bank of Egypt | Joana Taborda | joana.taborda@tradingeconomics.com
10/10/2013 1:29:09 PM