Egypt’s annual urban consumer inflation rate reached 13.9% in April, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS). This marks a slight increase from the 13.6% recorded in March and is consistent with market forecasts. On a month-to-month basis, consumer prices rose by 1.5%. The primary driver of this uptick was an increase in fuel costs, which contributed to higher transportation and energy prices. However, the rate of food inflation slowed compared to previous months, indicating some easing in pressures on household budgets. Additionally, growth in the broad money supply (M2) decelerated, which may help contain future inflationary trends. Egypt has faced significant inflationary pressures in recent years, partly due to currency devaluations and external shocks such as rising global commodity prices. The government and central bank have implemented various measures to stabilize prices, including tightening monetary policy. The latest data suggest that while inflation remains elevated, it is not accelerating rapidly and is broadly in line with expectations from financial analysts and international institutions.