{
  "id": 329106,
  "title": "Egypt inflation likely rose to 15.6% in July, says poll",
  "url": "https://urgent.news/2026/08/05/egypt-inflation-likely-rose-to-15-6-in-july-says-poll",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/730623/business/egypt-inflation-likely-rose-to-156-in-july-says-poll"
  },
  "original_language": "en",
  "account": "Egypt's annual inflation rate is projected to have increased to 15.6% in July, up from 14.3% in June, according to a Reuters poll. This surge in headline inflation is attributed to unfavorable base effects and heightened prices for both food and non-food items, according to the findings of a survey conducted among 13 analysts. The forecasted range for this inflation rate was between 14.6% and 16.3%. James Swanston of Barclays mentioned that a stronger rise in food inflation and a slight increase in non-food inflation contributed to the overall rise in the headline rate to 16.1% compared to the previous year. The government's statistical body, CAPMAS, is scheduled to release the official July data on August 10. Mohamed Abu Basha of EFG Holding anticipates a subdued month-on-month inflation of 0.5%, but he believes the base effect will push the annual rate higher. He also expects this trend to persist in August before inflation begins to decline in the last quarter of 2026. Earlier this month, Egypt raised electricity prices for most consumers by an average of 12%, which is expected to impact the August inflation figures. Daniel Richards of Emirates NBD noted that Egypt has been progressively eliminating fuel and electricity subsidies as part of its commitments under an $8 billion IMF support package. This gradual subsidy reduction process has been contributing to consumer price inflation, even as headline inflation has shown signs of easing. The median forecast among three analysts for core inflation was 14.9%, with projections ranging from 14.4% to 15.1%.",
  "summary": "Egypt's annual headline inflation rate is expected to have accelerated in July to 15.6% from 14.3% in June, driven by an unfavourable base effect and stronger food and non-food price pressures, a...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}