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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Photorealistic Nigerian market scene showing lower prices amid inflation drop
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Nigeria's headline inflation drops to 15.91% in June

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Nigeria’s headline inflation dropped marginally to 15.91% in June according to the National Bureau of Statistics.

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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India's retail inflation for April rose to a 13-month high of 3.48 percent, while wholesale inflation more than doubled to 8.3 percent. The increases are driven mainly by higher fuel and food costs amid the ongoing conflict in the Middle East.

South Korea's consumer prices rose 3.1 percent in May from a year earlier, the fastest pace in 26 months, driven by surging fuel prices amid the Middle East war.

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Inflation in the Cordillera region slowed in June as fuel prices declined during a ceasefire between the United States and Iran. Baguio City recorded 6.7 percent inflation last month, down from 7 percent in May.

 

 

 

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