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Egypt's Inflation Reaches 13% in July
The annual inflation rate in Egypt rose to 13% in July 2026, compared to 12.2% in June, amid ongoing price pressures despite a slight monthly increase. The main sources of inflation were housing, water, electricity, and gas costs, which increased by 31.1%, as well as prices for transportation, education, and furniture. On a monthly basis, overall inflation edged up by 0.1%, with a slight decline in prices for meat, poultry, and vegetables. The International Monetary Fund (IMF) project that inflation will reach 16.7% in the second half of 2026 due to rising energy prices and the depreciation of the Egyptian pound. It is recommended to maintain a tight monetary policy to achieve an inflation target of 7% by the end of 2026.
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