Egypt’s Inflation Rate Slows to 24% in January 2025

According to statistics agency CAPMAS, the inflation rate of Egypt’s annual urban consumer prices slowed down to 24% year-on-year in January 2025, from 24.1% in December 2024. This marks one percentage point higher than the median of 23% forecast of 17 analysts polled by Reuters.

Prices were also higher across the board this January, compared to January 2024. Prices for food and beverage increased by 20.2%, with transport prices rising by 33.6% and entertainment by 48%.

Inflation has been climbing since early 2022 following the Russian invasion of Ukraine, which pushed foreign investors to withdraw billions of dollars from Egyptian treasury markets.

Headline inflation rose to a record high of 38% in September 2023. By October 2024, it had decreased to 26.5%. CAPMAS data shows that headline inflation rose by 1.6% this January, compared from 0% in December 2024.