Egypt's annual core inflation rate, which excludes volatile and regulated items, slowed to 2.6 percent in September 2019, its lowest level since at least October 2008, from 4.9 percent in the previous month. The decline in core inflation rate mainly reflected a sharp slowdown in food prices such as vegetables. Core Inflation Rate in Egypt averaged 10.99 percent from 2008 until 2019, reaching an all time high of 35.26 percent in July of 2017 and a record low of 2.60 percent in September of 2019.
Core Inflation Rate in Egypt is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Egypt to stand at 7.50 in 12 months time. In the long-term, the Egypt Core Inflation Rate is projected to trend around 8.30 percent in 2020, according to our econometric models.