Average inflation in Egypt

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 13.2% 2027: 11.1% 2028: 8.1% 2029: 6.2% 2030: 5.4% 2031: 5.3%

3.7% (1999) ANUAL · % · Annual · CSV

Period	%
Jan 1999	3.7%
Jan 1998	5.0%
Jan 1997	6.2%
Jan 1996	7.1%
Jan 1995	9.4%
Jan 1994	9.0%
Jan 1993	11.0%
Jan 1992	21.1%
Jan 1991	14.7%
Jan 1990	21.2%

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually, covering the full year and subject to revision.

What it is

Average inflation measures the average change over the year in the prices of the basket of goods and services consumed by Egyptian households, based on the Consumer Price Index. It is compiled by the statistics agency CAPMAS and tracked by the Central Bank of Egypt.

How it's calculated

It is obtained from a regular price survey across a sample of urban and rural outlets, weighting each product by its spending share. Average inflation is the mean of the year's monthly rates of change relative to the prior year, expressed as a percentage.

Market implications

Inflation is the key variable for the Central Bank of Egypt, which runs inflation targeting and has seen sharp spikes following devaluations of the Egyptian pound. A high reading pushes interest rates up, while its moderation opens the door to cuts.

Limitations

As an annual average it smooths the year's peaks and reacts with a lag; in Egypt it has been highly volatile owing to the exchange rate and administered and food prices. It only measures the defined basket rather than every good in the economy.