Egypt’s September inflation eases to 13.9% from 14.5% in August

Egypt’s annual urban inflation fell to 13.9% in September, down from 14.5% in August, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). Monthly inflation accelerated to 1.3% in September, up from 0.1% in August, driven primarily by a 15.1% rise in vegetable prices.

CAPMAS highlighted price increases across various sectors: 0.4% for grains and bread, 2.5% for meat and poultry, 1.2% for fish and seafood, 0.4% for dairy products, cheese and eggs, 0.3% for oils and fats, 2.6% for fruit, 0.2% for sugar and sugary foods, 0.3% for coffee, tea and cocoa, 0.5% for mineral and carbonated water and natural juices, and 0.1% for tobacco. Housing rentals rose by 0.9%, and electricity, gas and other fuels increased by 0.5%.

The Central Bank of Egypt revised its inflation outlook, expecting annual headline inflation to remain stable in the third quarter of 2026 before gradually declining toward its target of 7% ± 2 percentage points in the second half of 2027. The Monetary Policy Committee kept key interest rates unchanged at 19% for overnight deposits, 20% for overnight lending, and 19.5% for the credit and discount rate.

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