The annual inflation rate in Egypt increased to a-three month high of 14.40 percent in February of 2019 from 12.70 percent in the previous month. Prices rose faster for: food, beverages and tobacco (15.4 percent vs 12.5 percent in January); transport (39.5 percent vs 39.3 percent). Meantime, inflation was steady for both housing, water, electricity, gas and other fuel (at 14.9 percent) and education (at 14.7 percent). Also, the annual core inflation which excludes volatile items, went up to 9.2 percent from 8.6 percent in the prior month. On a monthly basis, consumer prices increased 1.7 percent, the most since October, following a 0.6 percent rise in the previous month. Inflation Rate in Egypt averaged 9.48 percent from 1958 until 2019, reaching an all time high of 35.10 percent in June of 1986 and a record low of -4.20 percent in August of 1962.
Inflation Rate in Egypt is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Egypt to stand at 11.50 in 12 months time. In the long-term, the Egypt Inflation Rate is projected to trend around 9.50 percent in 2020, according to our econometric models.