A major slowdown in inflation in the cities of Egypt up to 12.8% in February, affected by the year

The inflation rate in the cities of Egypt slowly slowed this past February, as the extraordinary increases in prices over the past two years are no longer reflected in statistics, as inflation has come without expectations. According to the data of the Central Public Mobilization Agency and statistics released on Monday, the inflation rate has 12.8% year -on -year compared to 24% in January. The fourth slowdown over the past seven months, as the inflation rate started again in August, influenced by factors such as raising fuel prices and tickets for public transport tickets, including trains and subway. It was also preceded by the increase in the price of a 300% baking bread in May, which is the first increase of its kind in more than three decades. On a monthly basis, inflation of cities delayed to 1.4% during February, compared to 1.5% in January. Why is inflation in the cities of Egypt delayed? The main reasons for this decline are due to the low prices of vegetables by 8.2%and the stability of the water, electricity and gas group, while the prices of the grain and bread group increased by 0.8%, the meat and poultry group by 3.2%, and the fruit 3%, according to the official data issued today. Mohamed Abu Pasha, the chief economist of EFG Holding, told Al -Sharq that “inflation numbers in the cities of Egypt came less than the expectations of 13.7%”, which attributed to the impact of the basic year, and the prices of the food and drinking division fell more than expected. He added: “Our expectations for the average inflation during 2025 between 12 and 13%.” Goldman Sachs also expects the annual inflation rate by the end of the year to 13.4%, and inflation will be slower over the next two years.