Cost of food in Egypt increased 1.80 percent in December of 2019 over the same month in the previous year. Food Inflation in Egypt averaged 15.38 percent from 2010 until 2019, reaching an all time high of 43.61 percent in April of 2017 and a record low of -4.80 percent in October of 2019. source: Central Bank of Egypt
Food Inflation in Egypt is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Egypt to stand at -4.10 in 12 months time. In the long-term, the Egypt Food Inflation is projected to trend around 2.60 percent in 2020, according to our econometric models.