Egyptian Inflation Rate Unchanged in March



The annual consumer prices increased 9.82 percent in March of 2014, almost unchanged from 9.76 percent in the previous month. A year earlier, the inflation rate was recorded at 7.59 percent.

Annual upward pressures came mostly from prices of food and beverages (+15.61 percent), housing, water, electricity, gas and other fuels (+1.47 percent). Prices of recreation and culture accelerated to 13.70 percent in March of 2014 from 13.18 percent in the previous month, and for furnishings and household equipment (11.90 percent from 11.30 percent). In contrast, prices decelerated for transportation (6.07 percent from 6.08 percent), hotels, cafes and restaurants (6.99 percent from 7.05 percent).
 
On a monthly basis, prices decelerated to 0.68 percent from 1.03 percent in February. While costs for food and beverages rose sharply to 1.35 percent from 0.33 percent, prices decelerated for housing, water, electricity, gas and other fuels (0.0 percent from 0.55 percent), furnishings and household equipment (0.54 percent from 0.94 percent), medical care (0.0 percent from 11.99 percent), recreation and culture (0.46 percent from 1.16 percent), hotels, cafes and restaurants (0.25 percent from 0.94 percent).
 
Core CPI increased 0.70 percent from February to March of 2014, compared to 1.02 percent in the previous month. The annual rate increased to 9.90 percent from 9.70 percent in February.

Egyptian Inflation Rate Unchanged in March


Central Bank of Egypt | Isabel Felino | isabel.felino@tradingeconomics.com
4/14/2014 12:44:51 PM