The increase is largely driven by notable surges in the prices of fresh food and daily essentials. Fruit prices saw a significant jump of 13.4%, while vegetables rose by 2.1%.
CAPMAS attributed this inflation primarily to notable increases in the prices of food and beverage items, particularly fruits which jumped by 23.6%, vegetables by 3.1%, and meat and poultry by 2.8%.
The Consumer Price Index (CPI) for the entire country reached 243.5 points last month, indicating a slight slowdown in inflationary pressures.
Morgan Stanley’s baseline scenario projects that Egypt’s inflation rate will decline to 14.5% by the end of 2025.
The monthly core inflation rate recorded 0.9% in December 2024, compared to 1.3% in December 2023 and 0.4% in November 2024, according to data released by Central Bank of Egypt (CBE).
