Egypt's annual inflation rate slows to 12.2% in June, driven by lower food prices

Egypt's annual inflation rate decreased to 12.2 percent in June 2026, down from 13 percent in May, according to data from the Central Agency for Public Mobilization and Statistics CAPMAS. Consumer prices saw a monthly decline of 0.9 percent, primarily due to a 6.4 percent drop in meat and poultry prices, a 2.4 percent decrease in dairy, cheese, and eggs, and a 12.1 percent fall in vegetable prices. Food and beverages, the largest component of the inflation basket, declined by 3.7 percent monthly. However, some food items, such as cereals and bread, fruit, and coffee, tea, and cocoa, experienced slight increases. Meanwhile, several key categories recorded monthly increases, including housing, water, electricity, gas, and fuel, which rose by 1.5 percent, and culture and recreation, which saw the highest monthly increase at 7.2 percent, driven by organized tourist trips. On a year-on-year basis, food and beverages increased by 4.7 percent, while housing, water, electricity, gas, and fuel recorded the sharpest annual increase at 31.2 percent. Transport prices rose by 21.1 percent year-on-year, and education prices increased by 20 percent compared to June 2025. The figures suggest easing inflationary pressures compared to the previous year, though housing, services, transport, and education costs continue to rise above the headline inflation rate.