CPI Press Release February 2024

Data Release for February 2024 Inflation
March 10, 2024

Monthly headline urban CPI inflation, published by the Central Agency for Public Mobilization and Statistics on March 10, 2024, recorded 11.4 percent in February 2024 compared to 6.5 percent in the same month of the previous year and to 1.6 percent in January 2024. Accordingly, the annual headline inflation rate recorded 35.7 percent in February 2024, compared to 29.8 percent in January 2024.

Monthly core CPI inflation, computed by the Central Bank of Egypt, recorded 13.2 percent in February 2024 compared to 8.1 percent in the same month of the previous year and to 2.2 percent in January 2024. Accordingly, the annual core inflation rate recorded 35.1 percent in February 2024, compared to 29.0 percent in January 2024.

Inflation statistics are available on the CBE's website. The monthly inflation note will be published on March 14, 2024.