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Inflation Data

Egypt’s annual inflation hits a new record 39.7% in August | CAPMAS

Monthly headline urban CPI inflation, published by CAPMAS on September 10, 2023, recorded 1.6% in August 2023 compared to 0.9% in August 2022

Egypt's non-oil private sector shows signs of stabilization amidst challenges in August

While optimism about future output was limited, with only 9% of respondents expecting growth, concerns about” recessionary conditions” remained prevalent

Egypt's annual urban consumer inflation rate increases to 36.5% in July | CAPMAS

CAPMAS also announced that Egypt’s consumer price index amounted to 181.1 points for the month of July 2023, recording an increase of 2% over the month of June 2023.

Egypt’s annual urban inflation soars to record 35.7% | CAPMAS

This rise was fueled largely by a 64.9% increase in food and beverage costs, a 58.9% increase in the cereals and bread group, and a 92.1% increase in the meat and poultry group.

Non-oil businesses share subdued outlook despite PMI hitting 22-month high in June

There were signs of positive growth, as both output and new orders experienced slower declines, with the slowed decline suggesting a potential stabilization. The report also pointed towards easing inflationary pressures