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.

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Egypt Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-10 07:10 AM Mar 32.7% 31.9% 33.6% 34.3%
2023-05-10 06:00 AM Apr 30.6% 32.7% 31% 32.0%
2023-06-08 06:30 AM May 30.6% 31.5%


Related Last Previous Unit Reference
Inflation Rate 30.60 32.70 percent Apr 2023
Inflation Rate MoM 1.70 2.70 percent Apr 2023
Consumer Price Index CPI 165.40 162.70 points Apr 2023
Core Inflation Rate 38.60 39.50 percent Apr 2023
Core Consumer Prices 166.90 159.10 points Apr 2023
Food Inflation 54.70 62.90 percent Apr 2023
CPI Transportation 154.95 153.80 points Apr 2023
CPI Housing Utilities 124.96 124.30 points Apr 2023

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
30.60 32.70 35.10 -4.20 1958 - 2023 percent Monthly
2018/2019=100

News Stream
Egypt Inflation Rate Eases for 1st Time in 9 Months
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.
2023-05-10
Egypt Inflation Rate at Near 6-Year High
The annual urban inflation rate in Egypt rose to 32.7% in March 2023 from 31.9% in the previous month, but below market forecasts of 33.6%. It was the highest inflation rate since July 2017 following a series of currency devaluations that started in March 2022. The biggest upward pressure came from prices of food & non-alcoholic beverages (62.9% vs 61.8% in February), by far the most relevant in the CPI basket, amid the recent plunge in the currency and rising demand around the holy month of Ramadan. Egypt's annual core inflation rate, which strips out volatile items such as food, eased to 39.50% in March, from a record 40.26% in the prior month, while markets had expected it to accelerate further to 42.25%. On a monthly basis, consumer prices advanced 2.7%, easing sharply from a 6.5% gain in February.
2023-04-10
Egypt Inflation Rate Highest in Nearly 6 Years
The annual urban inflation rate in Egypt further accelerated to 31.9% in February 2023, from 25.8% in the previous month, and well above market expectations of 26.9%. It was the sharpest inflation rate since August 2017, staying above the upper limit of the central bank’s 5-9% target range for one year, largely due to a weaker pound after a series of devaluations in recent months. Main upward pressure came from prices of food & non-alcoholic beverages (61.8% vs 48% in January), by far the most relevant in the CPI basket. The annual core inflation rate, which strips out volatile items such as food, jumped to 40.26% in February 2023, the hottest reading since at least January of 2005, up from 31.24% in the prior month. On a monthly basis, consumer prices rose 6.5% in February, the most since October 1989, from 4.7% in the previous month.
2023-03-09