inflation
The bank forecast average annual headline inflation at between 16 percent and 17 percent in 2026, easing to a range of 10 percent to 13 percent in 2027, compared with 27.4 percent recorded last year.
El-Sisi made the remarks during a meeting with Prime Minister Mostafa Madbouly to review a range of political, economic and social files on the government’s agenda.
Spain has approved a €5 billion package aimed at softening the hit from the Middle East conflict.
Egypt’s gold pound holds near record highs at EGP 56,600 as Fed pauses and safe-haven demand boosts bullion.
On a monthly basis, inflation in urban areas increased by 1.8 percent in October.
Data released by the Central Bank of Egypt (CBE) showed that annual urban headline inflation eased to 13.9 percent
The CBE also pointed to a partial recovery in Suez Canal activity and a sharp narrowing of the current account deficit as signs of improving macroeconomic fundamentals.
When viewed on an annual basis, Core CPI inflation saw a considerable drop, reaching 10.0 percent in February 2025, compared to 22.6 percent in January 2025
On a month-to-month basis, Egypt's urban inflation rate saw a more modest rise of 1.4 percent in February, compared to 1.5 percent in January.
According to the Central Bank of Egypt (CBE), Egypt’s annual urban headline inflation remained stable at 24 percent in January 2025
President Abdel Fatah El-Sisi held Tuesday a meeting with Prime Minister Mostafa Madbouli, Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, and Finance Minister Ahmed Kujuk.
The bank expects inflation to drop to around 15% in early 2025, with month-on-month inflation returning to levels seen before 2022.
Egypt's inflation rate experienced a slowdown in October 2024. The consumer price index (CPI) reached 240 points, representing a 1.5% increase compared to September’s 2.3% rise
“The program is moving in the right direction and is gradually achieving its targets, both in terms of growth recovery and gradual decline in inflation, and a normal functioning of the foreign exchange market,” Azour said during a briefing in Dubai.
Annual core inflation also slowed to 24.4 percent in July, down from 26.6 percent in June, marking its lowest level since December 2022 and the fifth consecutive month of decline
The Consumer Price Index (CPI) for the total urban areas of Egypt stood at 226.7 points in July, indicating a 0.5 percent inflation compared to a higher 1.8 percent in June 2024.
Egypt's real GDP growth had slowed to 2.2 percent in Q1 2024, down from 2.3 percent in the previous quarter, according to the official release from the CBE
Citing data released by the national statistics agency, the CBE noted a similar decline in monthly core inflation, which stood at 1.3 percent last month, down from 1.7 percent a year earlier.
CAPMAS data revealed that May inflation was primarily fueled by a 28.90 percent year-on-year (YoY) increase in the food and beverage sector, driven by a 26.60 percent YoY uptick in meat and poultry prices
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to keep the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 27.25 percent, 28.25 percent, and 27.75 percent, respectively
