Egypt’s urban inflation rate declined slightly for the fourth month in a row, reaching 24% in January, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS) released on Monday.
January’s inflation figure represents a marginal decrease from the 24.1% recorded in December 2024. On an annual basis, inflation fell by 0.8 percentage points compared to January 2023, when it stood at 24.8%.
Prices remained higher across all sectors compared to the same period last year. Food and beverage prices rose by 20.2%, transport costs surged by 33.6%, and entertainment expenses increased by 48% year-on-year.