Development of inflation rates in Egypt
The inflation rate for consumer prices in Egypt moved over the past 38 years between 2.3% and 29.5%. For 2017, an inflation rate of 29.5% was calculated.
During the observation period from 1979 to 2017, the average inflation rate was 12.3%
per year. Overall, the price increase was 7,536.63 %. An item that cost 100 Pound in 1979 was so charged 7,636.63 Pound in the beginning of 2018.
In only a very few countries, the price increase is that high. The rate of 29.5% in 2017 means, that compared to the previous year all prices have been increased by an average of 29.5%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Egypt