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Inflation Rate Trends and Forecast for Egypt from 1990 to 2029

Inflation Rate Trends and Forecast for Egypt from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Egypt from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Egypt
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Egypt's inflation has been characterized by volatility, with rates peaking at 23.5% in 2017 due to currency devaluation and subsidy reforms. Inflation moderated to 5.7% by 2020, benefiting from improved economic policies and stabilization measures. However, global price shocks and local currency pressures led to a sharp increase to 24.4% in 2023.

Looking ahead, inflation is expected to rise further to 32.5% in 2024 before declining to 6.1% by 2029. This trajectory highlights Egypt's ongoing economic challenges and the potential for recovery as fiscal policies are adjusted to mitigate external and domestic shocks.

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