The annual urban inflation rate in Egypt eased for the first time in nine months to 30.6% in April 2023 from 32.7% in the previous month and below market forecasts of 31%, mainly due to softer rises in food inflation (54.7% vs 62.9%). Still, the figure remained well above the upper limit of the central bank’s 5-9% target range, amid the recent plunge of the currency. Cost also slowed for housing & utilities (8% vs 8.3%) and transport (19.1% vs 20.2%). Meanwhile, Egypt's annual core inflation rate, which excludes variable items such as food, eased slightly to 38.6% in April from 39.5% in the previous month. On a monthly basis, consumer prices rose 1.7%, the lowest in seven months, after a 2.7% hike in the previous month. source: CAPMAS, Egypt
Inflation Rate in Egypt averaged 9.49 percent from 1958 until 2023, 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. This page provides - Egypt Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Inflation Rate in Egypt is expected to be 33.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Inflation Rate is projected to trend around 10.00 percent in 2024 and 8.50 percent in 2025, according to our econometric models.