Inflation in Egypt
Egypt - Inflation (end of period)
Inflation rises to a three-month high in February
In January consumer prices rose 1.7% compared to the previous month, up from the 0.6% rise in January and representing the highest month-on-month increase since October. A large increase in fruit and vegetable prices stoked the overall price increase in February.
Inflation accelerated to 14.4% in February from 12.7% in January, marking the highest reading since November and remaining outside of the Central Bank of Egypt’s Q4 2020 target range of 9.0% plus or minus three percentage points. Core inflation accelerated to 9.2% in February from 8.6% in January. Meanwhile, annual average inflation slowed to 14.0% from 14.1%.
Egypt Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to average 12.1% in calendar year 2019, which is down 0.4 percentage points from last month’s forecast, and 11.8% in calendar year 2020.
Egypt - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||11.7||11.1||11.1||23.3||21.9|
5 years of economic forecasts for more than 30 economic indicators.
Egypt Inflation (eop) Chart
Source: Central Agency for Public Mobilization and Statistics.
|Bond Yield||16.45||0.0 %||Apr 22|
|Exchange Rate||17.17||0.0 %||Apr 22|
|Stock Market||1,428||0.53 %||Apr 22|
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April 1, 2019
On 27 March, the government of Egypt—which is currently pursuing a three-year IMF-backed reform program to strengthen its finances—approved its budget for fiscal year 2020, which covers the period from July 2019 to June 2020.
March 28, 2019
The Central Bank of Egypt (CBE) left all interest rates unchanged at its monetary policy meeting on 28 March.
March 11, 2019
In January consumer prices rose 1.7% compared to the previous month, up from the 0.6% rise in January and representing the highest month-on-month increase since October.
March 5, 2019
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) fell to 48.2 in February from 48.5 in January, representing the lowest reading since September 2017.
February 11, 2019
In January consumer prices rose 0.6% compared to the previous month, contrasting the 3.4% decrease in December.