Egypt urban inflation eases to 14.3% in June

Egypt's annual urban headline inflation eased to 14.3% in June 2026 from 14.6% in May, driven by slower food price rises, the Central Bank of Egypt reported.

The Central Bank of Egypt said the moderation came mainly from annual food inflation falling to 5.4% in June from 7.6% in May. Non-food inflation continued to rise, led by higher services prices.

On a monthly basis, urban headline inflation recorded -0.4% in June compared with 1.6% in May. Lower prices for poultry, eggs and fresh vegetables drove the decline.

Annual core inflation increased slightly to 14.3% from 13.8% in May. Annual rural headline inflation eased to 10.1% from 11.4%, bringing nationwide headline inflation to 12.2%.

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Egypt's annual urban consumer price inflation eased to 14.6% in May 2026 from 14.9% in April, the Central Agency for Public Mobilisation and Statistics said.

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The Central Bank of Egypt kept key interest rates unchanged on Thursday. It expects annual headline inflation to accelerate through the third quarter of 2026 before easing later.

The Central Bank of Egypt’s Monetary Policy Committee is expected to leave key interest rates unchanged at its meeting on Thursday.

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