As of 2021, the annual consumer price index increased to 319.94 percent from 303.13 percent in the preceding year. Over the presented time period, a comprehensive upward trend can be identified, through which 2021's value is the peak.
The consumer price index is frequently used to measure inflation by measuring the prices of a representative basket of goods and services acquired by households. The devaluation of the Egyptian Pound, in November 2016, by the Central Bank of Egypt resulted in a significant increase in inflation in 2017 due to an exchange rate pass-through.
According to the source definition, consumer price index reflects changes in the cost to the average consumer acquiring a basket of goods and services that may be fixed or changed at specified intervals.
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World Bank. (September 16, 2022). Consumer price index in Egypt from 2010 to 2021 [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/972374/egypt-consumer-price-index/
World Bank. "Consumer price index in Egypt from 2010 to 2021." Chart. September 16, 2022. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/972374/egypt-consumer-price-index/
World Bank. (2022). Consumer price index in Egypt from 2010 to 2021. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/972374/egypt-consumer-price-index/
World Bank. "Consumer Price Index in Egypt from 2010 to 2021." Statista, Statista Inc., 16 Sep 2022, https://www.statista.com/statistics/972374/egypt-consumer-price-index/
World Bank, Consumer price index in Egypt from 2010 to 2021 Statista, https://www.statista.com/statistics/972374/egypt-consumer-price-index/ (last visited November 24, 2024)
Consumer price index in Egypt from 2010 to 2021 [Graph], World Bank, September 16, 2022. [Online]. Available: https://www.statista.com/statistics/972374/egypt-consumer-price-index/
