Egypt - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Egypt was 303.13 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 303.13 in 2020 and a minimum value of 1.18 in 1962.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.21
1961 1.22
1962 1.18
1963 1.19
1964 1.23
1965 1.42
1966 1.54
1967 1.55
1968 1.53
1969 1.58
1970 1.64
1971 1.69
1972 1.73
1973 1.82
1974 2.00
1975 2.19
1976 2.42
1977 2.72
1978 3.03
1979 3.33
1980 4.02
1981 4.43
1982 5.09
1983 5.91
1984 6.92
1985 7.75
1986 9.60
1987 11.49
1988 13.52
1989 16.40
1990 19.15
1991 22.93
1992 26.06
1993 29.21
1994 31.59
1995 36.56
1996 39.19
1997 41.00
1998 42.59
1999 43.90
2000 45.08
2001 46.10
2002 47.36
2003 49.50
2004 55.08
2005 57.76
2006 62.17
2007 67.97
2008 80.42
2009 89.88
2010 100.00
2011 110.06
2012 117.89
2013 129.06
2014 142.05
2015 156.78
2016 178.44
2017 231.09
2018 264.38
2019 288.57
2020 303.13

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices