Egypt's annual core inflation which excludes volatile items, declined to 7.8 percent in May 2019 from 8.1 percent in the prior month, reaching its lowest level since February 2016. Core Inflation Rate in Egypt averaged 11.17 percent from 2008 until 2019, reaching an all time high of 35.26 percent in July of 2017 and a record low of 3.84 percent in September of 2012.
Core Inflation Rate in Egypt is expected to be 9.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Egypt to stand at 9.10 in 12 months time. In the long-term, the Egypt Core Inflation Rate is projected to trend around 8.60 percent in 2020, according to our econometric models.