Egypt’s urban headline inflation rises to 13.4% in February 2026

Egypt’s annual urban headline inflation accelerated to 13.4% in February 2026, up from 11.9% in January, driven by seasonal rises in food and non-food prices. Food inflation reached 4.6%, while non-food inflation climbed to 19.3%.

The Central Bank of Egypt reported that annual urban headline inflation reached 13.4% in February 2026, up from 11.9% in January, fueled by seasonal increases in food and non-food prices. Food inflation rose to 4.6% from 1.9%, driven mainly by higher poultry and fresh vegetable prices amid Ramadan demand, while non-food inflation climbed to 19.3% from 18.6%, attributed to an 18.7% rise in education fees and an 8% increase in related goods and services. Monthly urban headline inflation accelerated to 2.8% from 1.2% in January, propelled by higher food prices, rents up 2.9%, education costs, and a 3.2% tobacco price hike contributing 0.19 percentage points. Annual core inflation increased to 12.7% from 11.2%, with monthly core at 3.0% from 1.2%. Rural headline inflation edged up to 9.7% from 8.4%, lifting nationwide inflation to 11.5% from 10.1%. Poultry prices surged 18.3% monthly, exceeding the historical February range of 5-9% and contributing 0.83 percentage points, while fresh vegetables rose 5.6%.

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News illustration of steady U.S. February CPI data at 2.4% amid expected oil price surges from geopolitical tensions.
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February CPI holds steady above Fed's target

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The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for February 2026 rose 0.3% month-over-month and remained at 2.4% year-over-year, matching economist expectations. Core CPI, excluding food and energy, increased 0.2% monthly and stayed at 2.5% annually. While inflation showed stability before the recent U.S.-Israel-Iran war, surging oil prices are expected to push future readings higher.

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.

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Consultancy firm Empiria reported that in February 2026, the poorest 10% of households faced 3.3% inflation, compared to 2.9% for the richest 10%. The gap stems from the heavier weight of food and housing in low-income baskets. INDEC confirmed a general monthly inflation rate of 2.9%.

Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

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China's consumer price index rose 0.8 percent in the first two months of 2026, driven by a surge in spending during an extended Chinese New Year holiday. However, analysts remain concerned about long-term deflation risks.

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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South Korea's consumer prices rose 2.2 percent in March from a year earlier, government data showed Thursday. The increase, exceeding the government's 2 percent inflation target, was mainly driven by a surge in global oil prices due to prolonged Middle East tensions. It marks the steepest rise since December's 2.3 percent, according to the Ministry of Data and Statistics.

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