Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Egypt’s annual inflation rate decreases to 24%
Posted on February 10, 2025 |
Egypt's annual urban inflation rate fell slightly to 24% in January from 24.1% in December, staying above the 23% forecast.
Compared to last year, food prices rose by 20.2%, transport costs by 33.6%, and entertainment by 48%.
Inflation spiked after the Russia-Ukraine war in 2022, leading foreign investors to pull out billions from Egypt's treasury markets.
Inflation hit a record 38% in September 2023 but dropped to 26.5% by October 2024.
In January, inflation rose 1.6% from the previous month after staying flat in December.
Food prices increased by 2.1% in January, and healthcare costs went up by 4.6%.