Egypt Inflation Slows to 12.3% in November as Price Pressures Ease

Egypt inflation showed a notable slowdown in November 2025, as official data revealed that annual consumer price inflation in urban areas eased to 12.3%, down from 12.5% in October.

On a monthly basis, prices rose by just 0.3%, compared with 1.8% in the previous month, reflecting softer price pressures, particularly due to subdued growth in food and beverage prices, which offset increases in other components of the consumer basket.

This development comes as part of a broader downward trend, with Egypt inflation falling sharply from its peak of around 38% in September 2023, supported by an $8 billion financial support package agreed with the International Monetary Fund in March 2024, alongside fiscal and monetary tightening measures.

Meanwhile, data from the Central Bank of Egypt showed that core inflation rose to 12.5% year-on-year in November, compared with 12.1% in October, while monthly core inflation reached 0.8%, versus 0.4% a year earlier.

Egypt inflation as measured by the core index excludes volatile items such as fresh food as well as administratively priced goods and services, providing a clearer picture of underlying price trends.

The easing inflation environment has allowed the central bank to cut interest rates in recent months, reducing overnight lending rates by 100 basis points in October and 200 basis points in August, with markets now awaiting the Monetary Policy Committee meeting scheduled for December 25.