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Egypt CPI Inflation 38.0% y-o-y (consensus 37.6%) in Sep-23

- Egypt's CPI inflation rate reached 38.0% year-on-year in September 2023, signalling sustained pressure on consumer prices slightly beyond the 37.6% consensus.
- The inflation rate exceeds the one-year average by 8.20 percentage points and the long-run average by 21.94 percentage points, indicating structural inflationary issues in the economy.

Egypt PMI Private Sector 48.7 in Sep-23

- Egypt's Private Sector PMI for September 2023 recorded a decline to 48.7, marking the lowest level since May 2023.
- While the PMI signifies a contraction, its value remains 1.14 points above the one-year average, indicating a relatively better performance compared to historical data.

Egypt CPI inflation 43.13% y-o-y in Aug-23

- Egypt's CPI inflation surged to 43.13% year-on-year in August 2023, surpassing the previous measurement of 38.24%.
- The current inflation level is 14.03 percentage points higher than the one-year average and a significant deviation of 29.21 percentage points from the long-run average. These unprecedented levels of inflation highlight the crucial need for effective policy measures and structural reforms to mitigate its adverse effects.

Egypt PMI 49.2 in Aug-23

- Egypt's manufacturing sector contracted in August 2023, with the PMI standing at 49.2 and no improvement from the previous month.
- Although the PMI has remained stable, it is slightly above the one-year average, indicating a modest performance compared to the past year.