![EG.png](https://static.heteronomics.com/images/EG.2e16d0ba.fill-1080x607.png?Expires=1722078860&Signature=VJsNjQVHWq~NjKeF2hnVNTo4Bd9gNxGvsQ~vm6-n6Z4Q8pdUOOAzpMpTWG~EWYYGFeSZxyL6U-eqyDdSo9JabUD7LL3HQkHk7Q3nZCh-FTcnW6INDP3wuzRcfe3BYblC1zROOvkzIRak~UvGyMa3yjVbd0q8~DU5GQ3gn7LpuEyoPUDryO3qZ9E1SwCFMrAuN4cmpicWk8ZySQJeoddOyYdxwlCt0xCGVMNIgkGXYfreD~pb9wnrYEGrsXPZzpdfzX3m9YMFgHReKeDut~SvqoOxUBy7bBCgIh2JeYr7r713L01T-6Hw7CkHdyYD4voUvVd3RujKmcv3UuqPGBYeyA__&Key-Pair-Id=K2NMLIS3J0RGKR)
Egypt CPI Inflation 33.7% y-o-y (consensus 33.4%) in Dec-23
- Egypt's CPI inflation in December 2023 slowed to 33.7% year-on-year but still exceeded the consensus estimate by 0.3pp. It is the lowest growth since May 2023.
- Inflation is close to the one-year average yet stands 9.90 percentage points above the long-run average.
![EG.png](https://static.heteronomics.com/images/EG.2e16d0ba.fill-1080x607.png?Expires=1722078860&Signature=VJsNjQVHWq~NjKeF2hnVNTo4Bd9gNxGvsQ~vm6-n6Z4Q8pdUOOAzpMpTWG~EWYYGFeSZxyL6U-eqyDdSo9JabUD7LL3HQkHk7Q3nZCh-FTcnW6INDP3wuzRcfe3BYblC1zROOvkzIRak~UvGyMa3yjVbd0q8~DU5GQ3gn7LpuEyoPUDryO3qZ9E1SwCFMrAuN4cmpicWk8ZySQJeoddOyYdxwlCt0xCGVMNIgkGXYfreD~pb9wnrYEGrsXPZzpdfzX3m9YMFgHReKeDut~SvqoOxUBy7bBCgIh2JeYr7r713L01T-6Hw7CkHdyYD4voUvVd3RujKmcv3UuqPGBYeyA__&Key-Pair-Id=K2NMLIS3J0RGKR)
Egypt M2 Money Supply 20.9% y-o-y in Oct-23
- Egypt's M2 Money Supply growth in October 2023 was rapid at 20.9% year-on-year, but that is still the lowest since February 2022 and below average.
- The slower growth in the M2 Money Supply may indicate a welcome easing of inflationary pressures.
![EG.png](https://static.heteronomics.com/images/EG.2e16d0ba.fill-1080x607.png?Expires=1722078860&Signature=VJsNjQVHWq~NjKeF2hnVNTo4Bd9gNxGvsQ~vm6-n6Z4Q8pdUOOAzpMpTWG~EWYYGFeSZxyL6U-eqyDdSo9JabUD7LL3HQkHk7Q3nZCh-FTcnW6INDP3wuzRcfe3BYblC1zROOvkzIRak~UvGyMa3yjVbd0q8~DU5GQ3gn7LpuEyoPUDryO3qZ9E1SwCFMrAuN4cmpicWk8ZySQJeoddOyYdxwlCt0xCGVMNIgkGXYfreD~pb9wnrYEGrsXPZzpdfzX3m9YMFgHReKeDut~SvqoOxUBy7bBCgIh2JeYr7r713L01T-6Hw7CkHdyYD4voUvVd3RujKmcv3UuqPGBYeyA__&Key-Pair-Id=K2NMLIS3J0RGKR)
Egypt CPI Inflation 35.8% y-o-y (consensus 37.1) in Oct-23
- Egypt's CPI inflation rate for October 2023 stood at 35.8% year-on-year, slightly below the consensus forecast of 37.1%. This marks the lowest growth since June 2023 and indicates a potential stabilization in price increases.
- However, the current inflation rate remains painfully high, exceeding the one-year average by 4.37 percentage points and surpassing the long-run average by 19.16 percentage points, suggesting persistent inflationary pressures beyond historical trends.
![EG.png](https://static.heteronomics.com/images/EG.2e16d0ba.fill-1080x607.png?Expires=1722078860&Signature=VJsNjQVHWq~NjKeF2hnVNTo4Bd9gNxGvsQ~vm6-n6Z4Q8pdUOOAzpMpTWG~EWYYGFeSZxyL6U-eqyDdSo9JabUD7LL3HQkHk7Q3nZCh-FTcnW6INDP3wuzRcfe3BYblC1zROOvkzIRak~UvGyMa3yjVbd0q8~DU5GQ3gn7LpuEyoPUDryO3qZ9E1SwCFMrAuN4cmpicWk8ZySQJeoddOyYdxwlCt0xCGVMNIgkGXYfreD~pb9wnrYEGrsXPZzpdfzX3m9YMFgHReKeDut~SvqoOxUBy7bBCgIh2JeYr7r713L01T-6Hw7CkHdyYD4voUvVd3RujKmcv3UuqPGBYeyA__&Key-Pair-Id=K2NMLIS3J0RGKR)
Egypt M2 Money Supply 23.04% y-o-y in Sep-23
- Egypt's M2 Money Supply grew at the rapid year-on-year rate of 23.04% in September 2023, although that is the slowest since March 2022 and a decline from the previous reading of 24.38%.
- Despite the slowdown, the current growth rate remains 0.55 percentage points above the long-run average, indicating ongoing expansion.
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