Egypt consumer inflation rises to 17-month high

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Updated 09 September 2021
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Egypt consumer inflation rises to 17-month high

  • Egypt's annual urban consumer price inflation rose to 5.7 percent in August
  • Food inflation was the key driver jumping from 4.9 percent y/y in July to 6.6 percent y/y in August, the highest for two years

Egypt's annual urban consumer price inflation rose to 5.7 percent in August, up from 5.4 percent in July, official statistics agency CAPMAS reported on Thursday, a 17 month high.

Month-on-month headline inflation slowed to 0.1 percent in August, from 0.9 percent in July, the agency said.

Capital Economics, suggested inflation was likely to remain high over the coming months and would make a hold on interest rates more likely by the central bank's monetary policy committee at it's meeting next week. 

Food inflation was the key driver jumping from 4.9 percent y/y in July to 6.6 percent y/y in August, the highest for two years. The economics research company said it's forecast of a higher headline inflation rate in the coming months was on the back of stronger food and energy inflation. 

Separately, the Egyptian Central Agency for Public Mobilization and Statistics announced that annual inflation levels in Egypt rose to 6.4 percent last August, compared to 6.1 percent in July.

The agency added in a statement, today, that the general consumer price index for the whole of the republic recorded 114.3 points for the month of August 2021, a decrease of 0.1 percent from July. The decrease was put down in part to the fall in prices of some food stuffs as well as clothing.

CE added that the government mooted hiking the price of state-subsidised bread, which coupled with the recent hike to local fuel prices, will push the headline rate up further. Global factors, such as rising commodity prices, freight costs and supply shortages will also add to price pressures, CE said. 

It also forecast a weakening in the pound causing inflation to push further up on imported goods.

However, despite the inflationary pressures in the short- term the company believes that inflation will drop back sharply in very-late 2021 and could possibly fall below the lower bound of the CBE’s target range. Inflation would then likely hover around the lower bound over 2022-23. 


KAIA records busiest week with new operational records

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KAIA records busiest week with new operational records

JEDDAH: King Abdulaziz International Airport started 2026 on a strong note, handling 5.45 million passengers in January, a 7.3 percent increase over the same month last year.

Flight movements reached 29,200, up 11 percent, while total baggage throughput rose 8 percent to 6.6 million items.

The airport recorded its busiest operational week from Jan. 11 to 17, serving 1.28 million travelers.

Passenger numbers peaked on Jan. 17, marking the airport’s busiest day ever with 195,300 travelers and 1,089 flights, underscoring the efficiency of its operations and the capacity of its infrastructure to accommodate growing travel demand.

These results reflect Jeddah Airports Co.’s ongoing efforts to enhance the passenger experience, expand travel options, and manage rising air traffic in line with the National Aviation Program and Saudi Vision 2030.

Since its establishment in 2022, the company, known as JEDCO, has overseen the management and operations of KAIA, driving the implementation of the Aviation Program under the National Transport and Logistics Strategy.

In 2025, the airport reached a historic milestone, welcoming 53.4 million passengers, the highest annual total ever recorded at a Saudi airport, placing it among the world’s mega airports in terms of traffic.

The airport handled a total of 310,000 flights and 60.4 million bags, representing a 12 percent increase compared to 2024. It also handled 9.57 million Zamzam water containers and 2,968 cargo flights.

This achievement reflects the airport’s qualitative transformation and its position as a regional hub and national gateway connecting the Kingdom to the world. It also highlights its role in facilitating the movement of visitors and pilgrims, promoting tourism in line with the goals of Vision 2030, diversifying the economy, and providing a distinguished travel experience.

The January milestone at KAIA is part of a broader success story for Saudi airports, with 2025 statistics showing unprecedented growth in the Kingdom’s air traffic, surpassing regional averages and cementing Saudi Arabia’s status as one of the world’s fastest-growing and most advanced aviation markets.

Passenger numbers rose 9.6 percent, fueled by tourism, international events, and expanding global connectivity.

This growth reflected both increased capacity and enhanced connectivity, with Saudi airports handling approximately 140.9 million passengers, 76 million international and 65 million domestic passengers. Flight movements rose 8.3 percent to around 980,400, highlighting the sector’s sustained recovery.

KAIA accounted for 38 percent of total passenger traffic, averaging 146,000 passengers daily and operating at 107 percent of capacity. King Khalid International Airport handled 29 percent of passengers, with a daily average of 112,000. Madinah and Dammam airports also recorded historic surges, operating at 137 percent and 112 percent of capacity, respectively.