Egypt Consumer Prices (Jan. 2023)

Egypt’s headline inflation rate climbed from 21.3% y/y in December to 25.8% y/y in January, its fastest pace since November 2017, on the back of the recent large falls in the pound. This adds to our view that the Central Bank of Egypt (CBE) will need to resume its tightening cycle and deliver 250bp of rate hikes, to 18.75%, in the coming months.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.