Egypt announces ‘record’ inflation

Inflation continues rising despite monetary tightening and could trigger IMF consultation

Central Bank of Egypt
The Central Bank of Egypt
Ibrahim.ID (https://bit.ly/46Kgl2i)

Egypt’s headline inflation for urban areas was 35.7% in June, according to official statistics, a rise of three percentage points from May. 

The Egyptian statistics agency, Capmas, recorded a June headline inflation rate of 36.8% for the country as a whole. It said the core inflation was 41%.

Media reports widely referred to the readings as record highs, with Business Insider Africa saying the urban figure is the highest since records began in 1958.

Since March 2022, the Central Bank of Egypt

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.