August sees record-high consumer prices

The Central Agency for Statistics reported that the Consumer Price Index in Egypt reached 289 points in August 2026, maintaining the same level as July. The annual inflation rate stood at 12.7% in August, slightly down from 13.0% in July. The report explained that price stability is due to a balance between decreases and increases within the commodity basket. It noted that prices for grains and bread fell by 0.1%, meats and poultry by 1.5%, and fish and seafood by 0.1%. Additionally, vegetable prices declined by 7.0%, and some service costs, such as travel and tourism, decreased by 0.4%. On the other hand, increases were observed in dairy products, cheese, and eggs by 1.3%, oils and fats by 0.3%, and fruits by 0.2%. There were also rises in rent, electricity, and gas prices by 4.3%. The miscellaneous services category experienced price increases as well, with minor rises that contributed to overall price stability, marking the lowest inflation rate in several months, despite ongoing fluctuations in certain goods and services.

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