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Egypt’s Annual Inflation Falls to 13.9% in July


Sun 10 Aug 2025 | 03:07 PM
Ahmed Emam

Egypt’s annual urban consumer inflation rate dropped to 13.9% in July from 14.9% in June, marking an unexpected slowdown despite forecasts of an upward trend.

Nationwide, the annual inflation rate fell to 13.1% from 14.4% in the previous month, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

On a monthly basis, urban consumer prices fell by 0.6% in July compared to June 2025, the data showed.

The deceleration comes in contrast to projections by local analysts, who had anticipated inflationary pressures to persist following recent cigarette price hikes, tax adjustments introduced by the Egyptian Tax Authority (ETA) , and the fading effect of the “base year” comparison. Deutsche Bank had earlier forecast Egypt’s inflation to average between 15% and 16% by the end of the year.

Egypt’s inflation reached an all-time high of 38% in September 2023 before gradually declining over the past year.

Also, CAPMAS attributed July’s slowdown mainly to a 3.1% drop in food and beverage prices. Meat and poultry prices fell by 4.9%, fruit prices dropped 11%, and vegetables were down 7%.

Meanwhile, prices of grains and bread rose 0.4%, fish and seafood by 0.2%, oils and fats by 0.1%, sugar and sugary products by 0.2%, coffee, tea, and cocoa by 0.2%, and dairy products, cheese, and eggs by 0.2%.

Economists say the latest figures could provide temporary relief for consumers struggling with the cost of living, though risks remain amid global market volatility and domestic fiscal adjustments.