Inflation Rate
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.
This is an increase from 30.6 percent which was recorded last month.
The annual urban inflation rate also hiked in July to 13.6 percent, compared to 13.2 percent in June, according to the state-statistic body’s data.
Egypt Today reviews the most important pieces of information included in the plan.
Egypt's average inflation rate record 9.2 percent in 2019 compared to 14.4 percent in 2018, the Cabinet's media center said.
The central bank's monetary policy committee is expected to meet next week. The regulator cut rates four times in 2019.
Egypt Today reviews the most significant figures in the IMF’s report.
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