Egypt’s Inflation Drops Again – Food Prices Falling (But Bread Still Getting Costlier)
(Simple English breakdown of Egypt’s latest inflation news – with Reuters insights)
What’s happening?
Egypt’s inflation rate fell to 13.9% in July (down from 14.9% in June), according to official CAPMAS data reported by Reuters. This means prices are still rising, but slower than before.
Key Changes in Prices (July 2024 vs June 2025)
✅ Prices DOWN for:
- Meat & poultry (–4.9%)
- Fruits (–11%)
- Vegetables (–7%)
❌ Prices UP for:
- Bread & cereals (+0.4%)
- Seafood (+0.2%)
Why Is Inflation Falling?
- IMF’s $8 billion rescue deal (March 2024) helped stabilize Egypt’s economy.
- Inflation was 38% in Sept 2023—now down to 13.9%, a big improvement.
What’s Next?
- Good news: If inflation keeps dropping, life may get easier for Egyptians.
- Bad news: Bread and seafood still getting pricier—so not all relief yet.
Reuters reports that monthly inflation also dipped slightly (–0.5%), showing slow but steady progress.
Why This Matters for Egyptians
✔ Food prices dropping = more affordable meals for families.
✔ Lower inflation = stronger Egyptian pound over time.
❌ Bread still costly – a problem since it’s a staple food.
(Source: CAPMAS data, as reported by Reuters.)