Egypt: Inflation slows in November
Latest reading: Consumer prices increased 12.3% in annual terms in November, following a 12.5% increase in the previous month.
Relative to the prior month’s figures, price pressures reduced for food and non-alcoholic beverages—the largest component in the consumer price index basket (+0.7% in annual terms vs +1.5% in October). In contrast, there were higher price pressures for transportation (+28.9% vs +26.0% in October) and housing and utilities (+27.9% vs +27.1% in October).
Meanwhile, core consumer prices were up 12.5% on a year-on-year basis in November, following a 12.0% increase in the previous month.
Finally, consumer prices were up 0.30% in November in month-on-month terms, following a 1.86% increase in the previous month.