Urban inflation unexpectedly slowed to 14.5% in August
· Egyptian market news
Urban inflation slowed to 14.5% in August, defying forecasts of a pickup and undershooting the central bank’s own near-term call. Capmas data (pdf) Reuters poll
Core inflation went the other way. statement
The slowdown went against the central bank’s own guidance. fourth straight meeting in August
Food offset the electricity hike: household electricity increase
The August outturn came in “significantly below” EFG Hermes’ 15.8% projection
External risks still argue for caution.
Where the CBE sees it heading: averaged 14.6% in 2Q
Why it matters: 24 September MPC meeting grew 5.1% in FY 2025/26 USD 57.2 bn at the end of August EGP held firm through USD 9.5 bn February’s 100 bps cut 38% peak of September 2023