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Egypt Inflation Rate
Last Release
Jun 30, 2024
Actual
27.5
Units In
%
Previous
28.1
Frequency
Monthly
Next Release
Aug 09, 2024
Time to Release
29 Days 5 Hours
Highest | Lowest | Average | Date Range | Source |
38 Sep 2023 | -4.2 Aug 1962 | 9.91 % | 1958-2024 | Central Bank of Egypt |
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.
Latest Updates
The annual urban inflation rate in Egypt slowed to 27.5% in June 2024 from 28.1% in the previous month, remaining significantly above the upper limit of the central bank’s range of 5-9%. Still, it was the lowest reading since January 2023, mainly influenced by a slowdown in prices for alcoholic beverages & tobacco (57.7% vs 86.9% in May), transport (17.5% vs 18.1%), household equipment & routine maintenance of the house (26.1% vs 29.9%), restaurants & hotels (34.7% vs 35.7%), and recreation & culture (54.5% vs 56.6%). Meanwhile, costs rose for food & non-alcoholic beverages (31.9% vs 31%) and clothing & footwear (26.4% vs 24.5%), while prices remained unchanged for housing utilities at 9.9%. On a monthly basis, consumer prices rose 1.6% in June, rebounding from a 0.7% drop in the previous month.
Egypt Inflation Rate History
Last 12 readings