Egypt Inflation Rate Slows in April

Annual inflation rate in Egypt eased to 10.96 percent in April of 2015 from 11.51 percent in March, as cost of housing and utilities rose at a slower pace.

Compared to April 2014, food and beverages prices increased 9.81 percent, the strongest growth in six months. Housing, water, electricity, gas and other fuels prices went up by 7.57 percent, down from a 13.35 percent growth in the previous month. Additional upward pressure came from: Medical care (+2.00 percent); transportation (+21.54 percent); clothing and footwear (+8.12 percent); education (+24.68 percent); and hotels, cafes and restaurants (+16.66 percent). In contrast, communications fell 0.18 percent.

Annual core inflation edged down to 7.19 percent from 7.21 percent last month.

On a monthly basis, consumer prices rose at a slower 0.11 percent, compared to a 1.55 percent rise in March as cost of housing, water, electricity, gas and other fuels prices fell 5.06 percent. On the other hand, prices of food and non-alcoholic beverages went up by 1.33 percent and cost of clothing and footwear rose 3.46 percent. 

Central Bank of Egypt | Joana Ferreira |
5/15/2015 10:27:07 AM