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IMF Predicts Egypt Inflation Rise
The International Monetary Fund (IMF) expects Egypt's average inflation rate to rise to 14.8% during the fiscal year 2026/2027, up from 13.3% in the previous year, despite an improved growth rate. This increase is driven by ongoing inflationary pressures, particularly due to rising prices of goods and energy, with expectations of further increases in fuel prices. Egypt is a net importer of oil and gas, which amplifies the impact of regional conflicts on inflation; in September, annual inflation reached 12.8%, with monthly inflation increasing by 1.5%. Forecasters emphasize that continued high inflation threatens households' purchasing power and production costs, while external balance challenges persist. Achieving the targeted economic growth depends heavily on boosting productive activity and investment.
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