Egypt’s yearly inflation increased to 13.5% in April because of a rise in fuel prices
Egypt’s annual inflation rate for consumers went up to 13.5% in April, from 13.2% in March. This increase was caused by higher fuel prices, according to official data released on Sunday.
April Inflation Data
In urban Egypt, inflation went up to 13.9% in April, from 13.6% in March, according to Egypt’s statistics agency, CAPMAS. Monthly inflation rose by 1.3% in April. Core inflation (which excludes certain items) went up by 10.4% in April, compared to 9.4% in March.
Food and drink prices, which are the biggest part of the Consumer Price Index (CPI), increased by 6.2% year-on-year in April, but dropped by 1.2% from March. The price of clothing and shoes rose by 14.1% annually. Housing costs, including water, electricity, and gas, increased by 18.4%.
Health costs went up by 34.5%, transportation by 33.7%, communication by 11.3%, and education costs by 10% compared to last year.
Non-Oil Private Sector
In May, the S&P Global Egypt PMI survey showed that Egypt’s non-oil private sector shrank in April due to low demand. This caused less output and affected hiring and selling prices.
The PMI dropped to 48.5 in April, from 49.2 in March. A score under 50 shows contraction. The survey pointed out that weak demand led to lower customer spending, which caused a drop in new business and production.
Economic Growth
In April, Finance Minister Ahmed Kouchouk said Egypt’s economy is expected to grow by 4.5% in the next fiscal year, up from 4% in 2024–25. He presented the new budget to Parliament, which focuses on growth, stability, and working closely with the business community. The Finance Ministry expects good economic performance, a small increase in the primary surplus, and a slight decrease in the budget deficit.
Egypt’s GDP is expected to reach $399 billion (EGP 20.4 trillion) next year, up from $336.4 billion (EGP 17.2 trillion) this year.
Published: 12th May 2025
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