Inflation Egypt 2024
Average inflation: 29.5%
Current Inflation
Inflation is very high at 29.5%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 35.7%. The lowest inflation was in July at 25.7%.
- Highest month
- February: 35.7%
- Lowest month
- July: 25.7%
- Difference
- 10.0 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Food with an average of 37.1%. The lowest price increase was in Energy with an average of 18.5%.
- Highest increase
- Food: 37.1%
- Lowest increase
- Energy: 18.5%
Historical Context
Current inflation is 12.0% higher than the 5-year average of 17.5%.
- 5-year average
- 17.5%
- 10-year average
- 16.5%
- All-time high (2023)
- 33.8%
- All-time low (2020)
- 5.1%
Trend
Inflation shows an upward trend. Compared to 2023, inflation has risen by -4.3 percentage point.
- Change vs. previous year
- -4.3 percentage points
- Largest monthly swing
- September: -11.5 percentage points
ECB Target
Inflation is 27.5% 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 €129.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 29.8% | +3.9 |
| February | 35.7% | +3.7 |
| March | 33.4% | +0.8 |
| April | 32.6% | +2.1 |
| May | 28.2% | -4.5 |
| June | 27.5% | -8.3 |
| July | 25.7% | -10.7 |
| August | 26.2% | -11.2 |
| September | 26.4% | -11.5 |
| Average | 29.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.