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15.7% expected inflation rate in 2018: FocusEconomics - Daily News Egypt

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15.7% expected inflation rate in 2018: FocusEconomics

The FocusEconomics Consensus Forecast expects inflation in Egypt to average 15.7% in the year 2018, which is down 1.1% from last month’s estimate. During 2019, inflation is expected to fall to 11.5%, according to FocusEconomics. Inflation remains stubbornly high in September as urban consumer prices rose 1% from the previous month, down from August’s 1.13% …


The FocusEconomics Consensus Forecast expects inflation in Egypt to average 15.7% in the year 2018, which is down 1.1% from last month’s estimate.

During 2019, inflation is expected to fall to 11.5%, according to FocusEconomics.

Inflation remains stubbornly high in September as urban consumer prices rose 1% from the previous month, down from August’s 1.13% rise. September’s price rise was driven by higher vegetable, water, and gas prices.

Core consumer prices — which exclude several food products and regulated utilities — improved by 0.19% in September, down from August’s 0.31% rise and marked the lowest figure since August 2015.

The evolution of core consumer prices is a clear sign of decline underlying cost pressures, even though headline figures continue to be propped up by the impact of the government’s IMF-backed reform program.

Urban inflation fell from 31.9% in August to 31.6% in September. Meanwhile, annual average inflation rose from 26.5% in August to 27.9% in September.

The inflation rate registered 18.8% in the fourth quarter (Q4) of 2017, reached 30.3% in Q2 2017, and 32.2% in Q3 2017, while the report projected that inflation will drop to 21.3% in Q4 2017.

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https://www.dailynewsegypt.com/2017/11/21/15-7-expected-inflation-rate-2018-focuseconomics/
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