Statista predicts Egypt’s inflation rate to reach 7% in 2022

Mohamed Alaa El-Din
1 Min Read

Statista, an online statistics, market research, and business intelligence portal, issued a report on the expected inflation rates in the Egyptian market over the coming four years. The report predicted that the inflation rate will decline to 21.3% in 2018 compared to 23.5% in 2017, a decrease of 2.2%.

According to the report, the average inflation rate in the Egyptian market will reach 13.5% in 2019, a decline of about 10% compared to 2017.

Inflation is also expected to continue its decline in the next three years, falling to 10.14% in 2020, 7.2% in 2021, and 7% in 2022, according to the report.

Meanwhile the Central Agency for Public Mobilisation and Statistics (CAPMAS) said that December 2017 has witnessed a decline in the annual inflation rate of about 4.4% compared to December 2016. It came as a result of the decrease of meat and poultry prices by 1.6%, vegetables by 0.5%, and fish by 1.1%.

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