Egypt's annual inflation rate declined to 5.4 percent in December of 2020 from 5.7 percent in November, mainly due to lower prices of vegetables and other food products. Annual core inflation slowed to 3.8 percent in December from 4 percent in November. Considering 2020 full year, inflation rate averaged 5.1 percent, down from 8.5 percent in 2019. On a monthly basis, consumer prices were down 0.4 percent in December, the steepest monthly decline since June last year, after increasing 0.8 percent in the previous month, due to a fall in prices of food and beverages. source: Central Bank of Egypt
Inflation Rate in Egypt averaged 9.38 percent from 1958 until 2020, 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 February of 2021.
Inflation Rate in Egypt is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Egypt to stand at 5.60 in 12 months time. In the long-term, the Egypt Inflation Rate is projected to trend around 7.00 percent in 2022, according to our econometric models.