Egypt Inflation Rate 1958-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Egypt was recorded at 8.38 percent in July of 2015, the lowest since June 2014. Inflation Rate in Egypt averaged 8.95 percent from 1958 until 2015, 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. Inflation Rate in Egypt is reported by the Central Bank of Egypt.

Egypt Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
8.40 11.40 35.10 -4.20 1958 - 2015 percent Monthly
2010=100
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. This page provides - Egypt Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Egypt Inflation Rate - was last refreshed on Monday, August 31, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-10 10:00 AM May 13.1% 10.96% 10.84%
2015-07-09 01:00 PM Jun 11.4% 13.1% 13.28%
2015-08-10 12:40 PM Jul 8.4% 11.4% 11.87%
2015-09-10 10:30 AM Aug 8.4% 7.75%
2015-10-09 07:00 AM Sep 7.20%
2015-11-10 07:00 AM Oct 7.75%


Egypt Inflation Rate Falls to 13-Month Low in July


Urban consumer prices in Egypt increased 8.4 percent year-on-year in July of 2015, down from 11.4 percent in the previous month. It is the lowest level since June of 2014 as impact of fiscal consolidation measures implemented last year continue to weaken.

In July 2014, the government slashed energy subsidies and implemented a sales tax on alcohol and cigarettes that drove up prices up. As the impact of those measures wanes, the government plans to implement the value-added tax this fiscal year, a move that could again push inflation up.

Year-on-year, food cost increased by 8.3 percent, compared to a 10.9 percent growth in the previous month, as prices of fruits and vegetables rose at a slower 13.9 percent (+21.3 percent in June). Also, regulated items' inflation eased to 12.5 pecent, after being steady at 19.2 percent in the last two months. Additional upward pressure came from: Housing and utilities (+6.3 percent); transportation (+1.6 percent); clothing and footwear (+7.7 percent); education (+24.7 percent); and hotels, cafes and restaurants (+14.6 percent). In contrast, prices of communications fell 0.2 percent.

Annual core inflation rate was recorded at 6.5 percent in July, the lowest since January of 2013, compared to 8.1 percent in the previous month.

On a monthly basis, consumer prices rose 0.7 percent. The increase was mainly due to higher prices of electricity (+21.2 percent), water (+14.3 percent) and railway transportation (+10.7 percent), as a new fiscal consolidation program was launched by the government in July of 2015. In contrast, cost of fresh fruits declined by 1.76 percent.

Meanwhile, the Central Bank of Egypt kept interest rates steady at 8.75 percent during the meeting held on July 30th after an unexpected cut in January, as policymakers showed concern about inflation and GDP outlook.

Central Bank of Egypt | joana.ferreira@tradingeconomics.com
8/13/2015 4:56:04 PM


Recent Releases

Egypt Inflation Rate at 6-Year High
Consumer prices in Egypt increased 13.1 percent year-on-year in May of 2015. It is the highest rate since February of 2009.
Published on 2015-06-12

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.
Published on 2015-05-15

Egypt Inflation Rate at 5-Month High in March
Consumer prices in Egypt increased 11.51 percent year-on-year in March of 2015, up from 10.56 percent in February as cost of food and housing, water, electricity, gas and other fuels rose the most.
Published on 2015-04-15

Egypt Inflation Rate Accelerates to Double Digit in February
Egypt's consumer prices increased by an annual 10.6 percent in February, after slowing in January, due to higher prices of transport and food. A year ago, inflation rate was 9.76 percent.
Published on 2015-03-13


Egypt Prices Last Previous Highest Lowest Unit
Inflation Rate 8.40 11.40 35.10 -4.20 percent [+]
Inflation Rate Mom 0.71 -0.68 9.93 -7.00 percent [+]
Consumer Price Index CPI 163.60 162.50 163.60 1.20 Index Points [+]
Core Inflation Rate 6.49 8.07 22.30 0.00 percent [+]
Food Inflation 8.30 10.90 22.03 5.46 percent [+]
Core Consumer Prices 153.00 152.60 153.00 98.90 Index Points [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Aug/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Aug/15 0.20 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Aug/15 0.20 25.64 -0.60 percent [+]
Japan 0.20 Jul/15 0.40 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain -0.40 Aug/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]