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Fitch surprised by Egypt’s price stability despite fuel hike

Businessmen Team news 01 February 2026 05:33 PM
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Fitch surprised by Egypt’s price stability despite fuel hike

Fitch Ratings has expressed surprise at the relative stability of prices in Egypt during the final quarter of 2025, noting that the market absorbed fuel price hikes more smoothly than anticipated.

According to a report highlighted by the Egyptian Cabinet’s Media Center, the credit rating agency credited a stable exchange rate for the Egyptian pound as a primary driver of this trend. Fitch further projected that the downward trajectory will continue, with inflation expected to settle at 11.1% in 2026.

Official data from the Central Agency for Public Mobilization and Statistics (CAPMAS) confirms a significant "disinflationary" trend throughout 2025. The annual urban headline inflation rate fell by 14.2 percentage points, reaching 14.1% in 2025, compared to a peak of 28.3% in 2024.