The annual urban inflation rate in Egypt accelerated to 21.3% in December of 2022, from 18.7% in the previous month, and above market expectations of 20.9%. It was the highest reading since December of 2017, staying well above the upper limit of the central bank’s 5-9% target range for the tenth consecutive month. Main upward pressure came from prices of food & non-alcoholic beverages (37.9% vs 30.9%). On a monthly basis, consumer prices climbed 3.16%, the most in eight months, and up from a 2.6% increase in November. The central bank of Egypt allowed the Egyptian pound to depreciate by about 14.5% on October 27th and progressively continue to weaken in November and December amid a foreign currency shortage. source: CAPMAS, Egypt
Inflation Rate in Egypt averaged 9.38 percent from 1958 until 2022, 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 February of 2023.
Inflation Rate in Egypt is expected to be 19.10 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 7.00 percent in 2024 and 6.50 percent in 2025, according to our econometric models.