CAIRO – 10 February 2025: Egypt’s annual inflation rate has dropped to 23.2% in January 2025, down from 23.4% in December 2024, according to the latest data from the Central Agency for Public Mobilization and Statistics (CAPMAS). The Consumer Price Index (CPI) for the country reached 243.5 points, signaling a mild slowdown in inflationary pressures.
In a published report, CAPMAS highlighted that the monthly inflation rate for January rose to 1.6%, compared to 0.0 % in December 2024. CAPMAS attributed the annual inflation slowdown to lower vegetable prices, which declined by 2.6%, and a slight drop in fish and seafood prices by 0.3%.
However, despite the overall decrease in annual inflation, several essential goods experienced price hikes. The cost of grains and bread increased by 1.3%, meat and poultry by 5%, dairy products including cheese and eggs by 0.3%, and oils and fats by 0.7%. Additionally, fruit prices surged by 9.8%, sugar and sugary foods rose by 0.7%, coffee, tea, and cocoa increased by 1.2%, and ready-made clothing prices climbed by 1.4%.
The food and beverages sector saw a 2.1% increase, mainly driven by higher prices of grains, bread, meat, poultry, dairy products, and fruit. These rises occurred despite the declining costs of vegetables (down 2.6%) and seafood (down 0.3%).
Other consumer sectors also recorded price increases. The clothing and footwear sector rose by 1.3%, largely due to a 1.4% increase in ready-made clothing prices.
Although annual inflation edged lower, rising costs in essential categories such as food and clothing continue to add pressure on consumers.
Mon, Feb. 10, 2025
