The annual urban inflation rate in Egypt climbed for a sixth straight month to 13.5% in May of 2022 from 13.1% in the previous month but below market expectations of 14.2%. This was the highest inflation rate since May 2019, sending inflation above the upper limit of the central bank’s 5-9% target range for the third straight month, as a result of the global food crisis due to the war in Ukraine and a recent currency devaluation. Accordingly, main upward pressure came from prices of food & non-alcoholic beverages (24.8% vs 26% in April). On a monthly basis, consumer prices rose 1.1%, the smallest increase in four months, amid a sharp slowdown in food prices (0.6% vs 7.6%). source: CAPMAS, Egypt

Inflation Rate in Egypt averaged 9.32 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 July of 2022.

Inflation Rate in Egypt is expected to be 14.30 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 6.00 percent in 2023 and 5.80 percent in 2024, according to our econometric models.

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Egypt Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 06:30 AM Apr 13.1% 10.5% 11.8% 11.7%
2022-06-09 06:30 AM May 13.5% 13.1% 14.2% 15%
2022-07-08 06:00 AM Jun 13.5% 14%


Related Last Previous Unit Reference
Inflation Rate 13.50 13.10 percent May 2022
Inflation Rate Mom 1.10 3.30 percent May 2022
Consumer Price Index CPI 128.00 126.70 points May 2022
Core Inflation Rate 13.30 11.90 percent May 2022
Core Consumer Prices 122.30 120.40 points May 2022
Food Inflation 24.80 26.00 percent May 2022
CPI Transportation 130.40 130.10 points May 2022
CPI Housing Utilities 118.30 115.70 points May 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
13.50 13.10 35.10 -4.20 1958 - 2022 percent Monthly
2018/2019=100

News Stream
Egypt Inflation Rate at 3-Year High of 13.5%
The annual urban inflation rate in Egypt climbed for a sixth straight month to 13.5% in May of 2022 from 13.1% in the previous month but below market expectations of 14.2%. This was the highest inflation rate since May 2019, sending inflation above the upper limit of the central bank’s 5-9% target range for the third straight month, as a result of the global food crisis due to the war in Ukraine and a recent currency devaluation. Accordingly, main upward pressure came from prices of food & non-alcoholic beverages (24.8% vs 26% in April). On a monthly basis, consumer prices rose 1.1%, the smallest increase in four months, amid a sharp slowdown in food prices (0.6% vs 7.6%).
2022-06-09
Egypt Inflation Rate at Near 3-Year High of 13.1%
The annual urban inflation rate in Egypt accelerated to 13.1% in April of 2022 from 10.5% in the previous month. This was the highest figure since May 2019, sending inflation above the upper limit of the central bank’s 5-9% target range for the second straight month, and beating market consensus of a 11.8 percent rise, amid higher food and beverage prices and devaluation of the currency on March 21. On a monthly basis, consumer prices rose by 3.3% in April, the most since January 2017, following a 2.2% gain in the prior month.
2022-05-10
Egypt Inflation Rate at Near 3-Year High
The annual inflation rate in Egypt accelerated to 10.5% in March of 2022 from 8.8% in the previous month. This was the highest figure since May 2019, sending inflation above the upper limit of the central bank’s 5-9% target range, and beating market consensus of a 10 percent rise, amid higher commodity prices and devaluation of the currency on March 21. Annual core inflation jumped to a near 4-year high of 10.1 percent in March from 7.2 percent in February, and above market forecasts of an 8.4% increase. On a monthly basis, consumer prices rose by 2.2% in March, the most since October 2018, after a 1.6% gain in the prior month.
2022-04-10