The annual inflation rate in Egypt fell to 9.4 percent in June 2019, the lowest since March 2016, from 14.1 percent in the prior month. The deceleration was partly due to last year's high base effect, but also driven by prices of fruits & vegetables (24.2 percent vs 39 percent in May) and regulated items (9.6 percent vs 19.9 percent). Meanwhile, the annual core inflation which excludes volatile items, declined to 6.4 percent from 7.8 percent in the prior month, the lowest since October 2015. On a monthly basis, consumer prices went down 0.8 percent, reversing from a 1.1 percent rise in the previous month, the first monthly decline in consumer prices since December last year.. Inflation Rate in Egypt averaged 9.49 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 9.50 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 9.50 in 12 months time. In the long-term, the Egypt Inflation Rate is projected to trend around 9.00 percent in 2020, according to our econometric models.