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Forecasts ranged from 12.5% to 22.5%, with the majority anticipating inflation to fall below 15%—potentially marking the lowest level since September 2022. In January, annual headline urban inflation dropped to 24.0%, reflecting a marginal 0.1 percentage point decrease from December.
Egypt’s inflation rate is expected to have dropped significantly to 14.5% in February, as the sharp price hikes seen over the past two years are no longer influencing the calculations, according to the latest poll released by Reuters.
A Reuters survey of 15 analysts projected that annual urban consumer inflation would fall to 14.5%, down from 24.0% in January. The data was gathered between February 27 and March 5. A survey conducted by EnterpriseAM among ten analysts projected that annual headline urban inflation would decline to 14.3%.
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Forecasts ranged from 12.5% to 22.5%, with the majority anticipating inflation to fall below 15%—potentially marking the lowest level since September 2022.
In January, annual headline urban inflation dropped to 24.0%, reflecting a marginal 0.1 percentage point decrease from December. This made January’s inflation rate the lowest since December 2022, when it stood at 21.3%.
It is worth noting that the Central Agency for Public Mobilization (CAPMAS) inflation data is supposed to come out within the next few days.
