Egypt’s Core Inflation Rises to 11.6% in July, Says Central Bank
Egypt’s annual core inflation rate accelerated to 11.6% in July 2025, up from 11.4% in June, according to data released by the Central Bank of Egypt (CBE) on Sunday.
The monthly change in the core consumer price index — which excludes volatile items such as food and energy — recorded a deflation of 0.3% in July, compared with a 0.5% decline in July 2024 and a 0.2% drop in June 2025.
Core inflation is closely monitored by the CBE as it reflects underlying price trends and guides monetary policy decisions, particularly on interest rates.
Meanwhile, the headline consumer price index (CPI) for urban areas, published by the Central Agency for Public Mobilization and Statistics (CAPMAS), fell 0.5% month-on-month in July 2025. This compares with a 0.4% increase in July 2024 and a 0.1% decline in June 2025. On an annual basis, urban inflation eased to 13.9% in July from 14.9% in June.
The latest figures come as markets await the CBE’s next interest rate decision, with analysts divided on whether the bank will prioritize curbing inflation or supporting economic growth amid challenging domestic and global conditions.