22 Hrs
Source:
CNN Arabic
Egypt inflation hits 14.9% ahead of rate decision
The annual inflation rate in Egyptian cities rose to 14.9% in July 2026, compared to 14.3% in June, according to data from the Central Agency for Public Mobilization and Statistics. The core inflation also reached 14.7% on an annual basis, with the monthly change remaining stable at zero percent, reflecting no change in the prices of goods and services during July despite the year-on-year increase. Experts explained that the rise is mainly due to the base effect and does not indicate strong inflationary pressures. They do not expect this to lead to tightening of monetary policy or an interest rate hike at the upcoming meeting. The stability of inflation rates until the end of the year will depend on exchange rate stability and geopolitical tensions.
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