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 June 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.