Egypt's annual core inflation, which strips out volatile and regulated items, rose to 2.4 percent in December 2019 from 2.1 percent in the prior month. On a monthly basis, core consumer prices went up 0.2 percent, after dropping 0.1 percent in the previous month. Core Inflation Rate in Egypt averaged 10.22 percent from 2005 until 2019, reaching an all time high of 35.30 percent in July of 2017 and a record low of 1.90 percent in April of 2006. source: Central Bank of Egypt
Core Inflation Rate in Egypt is expected to be 4.10 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 7.00 in 12 months time. In the long-term, the Egypt Core Inflation Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.