Inflation Egypt 2023
Average inflation: 33.8%
Current Inflation
Inflation is very high at 33.8%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 37.9%. The lowest inflation was in January at 25.9%.
- Highest month
- September: 37.9%
- Lowest month
- January: 25.9%
- Difference
- 12.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 63.6%. The lowest price increase was in Energy with an average of 5.7%.
- Highest increase
- Food: 63.6%
- Lowest increase
- Energy: 5.7%
Historical Context
Current inflation is 20.3% higher than the 5-year average of 13.5%. This approaches the highest level since records began (33.8% in 2023).
- 5-year average
- 13.5%
- 10-year average
- 14.6%
- All-time high (2023)
- 33.8%
- All-time low (2020)
- 5.1%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +20.0 percentage point.
- Change vs. previous year
- +20.0 percentage points
- Largest monthly swing
- February: +23.2 percentage points
ECB Target
Inflation is 31.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €133.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 25.9% | +18.7 |
| February | 32.0% | +23.2 |
| March | 32.6% | +22.1 |
| April | 30.5% | +17.4 |
| May | 32.7% | +19.2 |
| June | 35.8% | +22.7 |
| July | 36.4% | +22.8 |
| August | 37.4% | +22.8 |
| September | 37.9% | +22.8 |
| October | 35.9% | +19.7 |
| November | 34.6% | +15.8 |
| December | 33.6% | +12.3 |
| Average | 33.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.