Sandy Eskaros

Egypt Inflation Monitor: March inflation decelerates, rates to be maintained

Inflation in March 2020 fell to 4.6% yoy for total Egypt, from 4.9% yoy in February, continuing a 4-month decline. This came very close to our expectations of 0.5% mom and 4.5% yoy. The deceleration was supported by a price decline in the transportation category as well as a mild price growth in food & beverages, despite a price hike in the tobacco category following the imposition of new tobacco taxes on 26 February.
On an annual and monthly level, March inflation was driven by non-food item...

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Sandy Eskaros

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