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.

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Egypt Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 06:00 AM Nov 18.7% 16.2% 18.8% 17.7%
2023-01-10 06:30 AM Dec 21.3% 18.7% 20.9% 20%
2023-02-09 06:00 AM Jan 21.3% 24% 23.5%


Related Last Previous Unit Reference
Inflation Rate 21.30 18.70 percent Dec 2022
Inflation Rate MoM 3.16 2.60 percent Dec 2022
Consumer Price Index CPI 143.60 139.20 points Dec 2022
Core Inflation Rate 24.40 21.50 percent Dec 2022
Core Consumer Prices 139.20 135.70 points Dec 2022
Food Inflation 37.90 30.90 percent Dec 2022
CPI Transportation 149.30 148.40 points Dec 2022
CPI Housing Utilities 121.30 120.60 points Dec 2022

Egypt Inflation Rate
In Egypt, the headline Consumer Price Index (CPI) measures the change in the cost of a fixed basket of goods and services that are purchased by a representative sample of households from urban areas, which include Cairo, Alexandria, urban Lower Egypt, urban Upper Egypt, Canal cities and Frontier governorates. The most important categories in the headline CPI are Food and Beverages (40 percent of total weight); Housing, Water, Electricity, Gas and other Fuels (18.4 percent); Medical Care (6.3 percent) and Transportation (5.7 percent). Clothing and Footwear account for 5.4 percent of total index and Education for 4.6 percent. Hotels, Cafes and Restaurants represent 4.4 percent of total weight and Furnishings, Household Equipment and Routine Maintenance of the Dwelling for 3.8 percent. Miscellaneous Goods and Services account for 3.7 percent, Communications 3.1 percent, Recreation and Culture 2.4 percent and Tobacco and Related Products 2.2 percent.
Actual Previous Highest Lowest Dates Unit Frequency
21.30 18.70 35.10 -4.20 1958 - 2022 percent Monthly
2018/2019=100

News Stream
Egypt Inflation Rate Highest in 5 Years
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.
2023-01-10
Egypt Inflation Rate Hits Near 5-Year High
The annual urban inflation rate in Egypt accelerated to 18.7% in November of 2022, from 16.2% in the previous month and almost in line with market expectations of 18.8%. It was the highest reading since December of 2017, sending inflation above the upper limit of the central bank’s 5-9% target range for the ninth straight month, amid the ongoing depreciation of the Egyptian pound and supply shortages. Main upward pressure came from prices of food & non-alcoholic beverages (30.9% vs 23.9% in October), by far the most relevant in the CPI basket. On a monthly basis, consumer prices were up 2.6% in November, from a 2.5% increase in the previous month.
2022-12-08
Egypt Inflation Rate Highest in 4 Years
The annual urban inflation rate in Egypt rose to 16.2% in October of 2022 from 15.0% in the previous month, above market expectations of 15.6%. This was the highest reading since October 2018, taking inflation above the upper limit of the central bank’s 5-9% target range for the eighth straight month amid surging global commodity prices and devaluation of the local currency. The main upward pressure came from prices of food & non-alcoholic beverages (23.9% vs 21.7% in September). On a monthly basis, consumer prices climbed 2.5%, the most in six months, accelerating from a 1.6% gain in September.
2022-11-10