Routri
Routri

Language

Currency

Book online or call us

+2012 81527008

Support

  • Contact Us
  • Legal Notice
  • Privacy Policy
  • Cookie Policy
  • Terms of Service
  • Refunds & Cancellations

Company

  • About Us
  • Careers
  • Blog
  • Gift Cards
  • Sustainability

Work With Us

  • Become a Supplier
  • Affiliate Program
  • Travel Agents

We Accept

PayPal
Visa
Mastercard
American Express
Maestro

Language

Currency

Book online or call us

+2012 81527008

Support

  • Contact Us
  • Legal Notice
  • Privacy Policy
  • Cookie Policy
  • Terms of Service
  • Refunds & Cancellations

Company

  • About Us
  • Careers
  • Blog
  • Gift Cards
  • Sustainability

Work With Us

  • Become a Supplier
  • Affiliate Program
  • Travel Agents

We Accept

PayPal
Visa
Mastercard
American Express
Maestro

© 2026 Routri. All rights reserved.

  1. Home
  2. /Travel Inspiration
  3. /Nile Cruise Price Index 2026: ...
Boat cruises
Ancient Egypt

Nile Cruise Price Index 2026: Budget to Luxury Rates

Compare 2026 Nile cruise prices by season, route, ship class, and cabin type with exact EUR rates, extras, and booking insights. Free cancellation

MI
Mustafa Al Ibrahim
May 19, 2026•14 min read
Share on
Nile Cruise Price Index 2026 in Hurghada, Egypt

A Nile cruise in 2026 costs between €395 and €6,450 per person depending on ship class, season, and route — with most travelers paying €595 to €1,550 for a standard or deluxe 4-night sailing. The 2026 market is split into five clear tiers: budget 4-star, standard 5-star, deluxe 5-star, luxury, and dahabiya, with winter and holiday weeks commanding the sharpest premiums (based on operator pricing, OTA listings, and current 2026 market offers).

The best-value format remains the classic Aswan–Luxor 3-night or Luxor–Aswan 4-night itinerary. Travelers comparing fares should focus on season, route length, ship age, cabin deck, and excluded extras rather than headline rates alone.

Quick Summary

  • Lowest realistic 2026 entry price: €395 per person for a 3-night budget cruise in June–August.
  • Most common market booking band: €545 to €1,150 per person for a standard or deluxe 3- to 4-night cruise.
  • Luxury 4-night cruise norm: €1,950 to €3,250 per person in double occupancy.
  • Dahabiya premium over standard large-ship cruise: typically 55% to 140% higher.
  • Peak pricing months: January, February, late December, and New Year week.
  • Cheapest route: Aswan to Luxor, 3 nights, roughly 220 km of river sailing.
  • Most balanced route: Luxor to Aswan, 4 nights, roughly 220 km, slower pacing, better stop distribution.
  • Typical single supplement: 35% to 90% depending on ship class and season.
  • Common excluded costs: entry fees €65, tipping €20 per night, drinks €4 to €9 each, Abu Simbel €100, hot-air balloon €85.
  • Christmas and New Year departures sell out first on luxury ships and dahabiyas due to limited cabin inventory.
Cairo: Dinner Cruise on the Nile with Entertainment in Cairo
Cairo: Nile Dinner Cruise with Live Entertainment

2026 Nile Cruise Price Index

The 2026 price index below reflects average market rates per person in double occupancy for bookable departures, not teaser lead prices. It combines current operator pricing signals, OTA listings, and published 2026 cruise ranges, then normalizes them into EUR bands for comparable ship classes (based on Booking.com, TripAdvisor, TourRadar, Egypt Tours Portal, and operator-published 2026 pricing).

Average 2026 Rates by Duration and Ship Class

Ship class3 nights4 nights7 nightsAvg cabin sizeTypical board
Budget 4-star€395–€545€495–€675€995–€1,35017 m²Full board
Standard 5-star€495–€695€595–€845€1,150–€1,65020 m²Full board
Deluxe 5-star€845–€1,250€995–€1,550€1,950–€2,85024 m²Full board
Luxury€1,650–€2,450€1,950–€3,250€3,850–€6,45035 m²Full board, often extras
Dahabiya€1,250–€1,950€1,450–€2,250€2,950–€4,45023 m²Full board
Lake Nasser cruiseN/A€1,450–€2,150€2,200–€3,95022 m²Full board

These are market-average bookable bands. Promotional lead prices can sit 8% to 18% below these ranges, but usually apply only to summer departures, lower decks, older ships, or non-refundable inventory.

Price Per Night by Class

Ship class3-night per night4-night per night7-night per nightBest-value season
Budget 4-star€157€146€167Jun–Aug
Standard 5-star€198€180€200Jun–Sep
Deluxe 5-star€349€318€343May, Sep
Luxury€683€650€735Apr, Oct
Dahabiya€533€463€528Mar, Nov
Lake Nasser cruiseN/A€450€444Oct–Mar

The 4-night route usually gives the best euro-per-stop value because cabin cost does not rise in line with the extra touring time. Seven-night cruises become attractive when they bundle more transfers, slower sailing, and suite categories that would be expensive as standalone upgrades.

Seasonality: Month-by-Month Price Bands for 2026

Winter is the most expensive period because Luxor and Aswan sightseeing is much more comfortable in cooler temperatures, and European demand peaks from October through February. Easter, Christmas, and New Year create short but steep price spikes beyond normal winter levels (operator season guidance and 2026 published pricing).

2026 Monthly Price Index for Standard 5-Star 4-Night Cruises

MonthSeasonAverage rate ppLowest bookable ppTypical high ppIndex vs annual avg
JanuaryPeak€895€745€1,150126
FebruaryPeak€875€725€1,120123
MarchShoulder€760€645€940107
AprilShoulder / Easter spike€795€655€1,050112
MayShoulder€695€595€86598
JuneLow€610€495€76086
JulyLow€585€475€73582
AugustLow€595€485€74584
SeptemberShoulder€665€545€83594
OctoberPeak shoulder€815€675€1,020115
NovemberPeak€855€705€1,090120
DecemberPeak / holiday€930€725€1,450131

Holiday and Special-Week Pricing Premiums

PeriodTypical premium vs base fareStandard 5-star 4-night ppDeluxe 5-star 4-night ppLuxury 4-night pp
Early January week 1+12%€950€1,290€2,450
February half-term weeks+8%€925€1,190€2,250
Easter week+15%€995€1,380€2,650
October school-break weeks+9%€885€1,180€2,280
Christmas week+22%€1,090€1,590€3,050
New Year week+45%€1,245€1,950€3,950

January and February are expensive, but New Year week is the real outlier. On top luxury ships and boutique dahabiyas, New Year pricing can rise 45% to 70% because inventory is tiny and premium suites are often committed months in advance.

Luxor: 4-Day Nile Cruise with Guided Tours & Abu Simbel in Aswan
Luxor: 4-Day Nile Cruise to Aswan + Abu Simbel

Route Comparison: Aswan to Luxor vs Luxor to Aswan

Both core routes cover roughly the same stretch of the Nile between Aswan and Luxor, approximately 220 km by river. The key difference is time: Aswan to Luxor is compressed into 3 nights, while Luxor to Aswan stretches into 4 nights with a slower pace and more balanced sightseeing flow.

Core Route Comparison

RouteStandard itinerarySailing distanceTypical nightsMain stopsTypical fare difference
Aswan to LuxorAswan, Kom Ombo, Edfu, Luxor West/East Bank220 km3 nightsPhilae, High Dam, Kom Ombo, Edfu, Karnak, Luxor Temple, Valley of the Kings, Hatshepsut, ColossiBaseline
Luxor to AswanLuxor West/East Bank, Edfu, Kom Ombo, Aswan220 km4 nightsKarnak, Luxor Temple, Valley of the Kings, Hatshepsut, Colossi, Edfu, Kom Ombo, Philae, High Dam+€150 pp
Roundtrip / combinedBoth directions or extended440 km7 nightsFull classic route with slower sail or extra onboard time+€825 pp vs 4-night
Lake NasserAswan to Abu Simbel340 km4–7 nightsAbu Simbel, Kalabsha, Amada, Wadi el-Seboua, Qasr Ibrim+€550 pp vs standard 4-night
Dahabiya privateLuxor to Aswan or reverse220 km5–7 nightsFlexible, quieter moorings, off-route stops possible+€900 pp vs standard 4-night

Typical Route Pricing Difference by Class

Ship classAswan–Luxor 3-night ppLuxor–Aswan 4-night ppDifferenceWhy it changes
Budget 4-star€470€585+€115Extra night, similar inclusions
Standard 5-star€595€720+€125Better pacing, same stop set
Deluxe 5-star€1,047€1,272+€225Higher deck and cabin preference
Luxury€2,050€2,600+€550Suite-led inventory, stronger service costs
Dahabiya€1,600€1,850+€250Small-capacity boutique premium

If your priority is the lowest possible fare, Aswan to Luxor wins. If your priority is better timing at the temples and less rushed touring, Luxor to Aswan is usually the smarter booking.

Ship Class Comparison

The label "5-star" is not standardized in the Nile market. In practice, an older standard 5-star can be materially less polished than a newer deluxe ship, even if both use similar star language in marketing.

What Each Ship Class Really Delivers

Ship classTypical vessel profileAvg cabin sizeMealsTypical inclusions2026 rate range
Budget 4-starOlder vessel, simpler finishes, basic sun deck17 m²Full boardCabin, meals, shared touring€395–€1,350
Standard 5-starOlder or mid-cycle floating hotel20 m²Full boardCabin, meals, guide, some transfers€495–€1,650
Deluxe 5-starNewer refit, stronger public areas, better bathrooms24 m²Full boardBetter cabins, stronger service, some extras€845–€2,850
LuxuryPremium line, low cabin count, suite focus35 m²Full board or premium boardLarger cabins, elevated dining, better docking priority€1,650–€6,450
DahabiyaSmall sailing vessel, 6–12 cabins, boutique style23 m²Full boardIntimate route, quieter moorings, slower pace€1,250–€4,450
Lake Nasser cruiseLonger southern route, Abu Simbel-focused22 m²Full boardLonger sailing, fewer departures, Nubian temple access€1,450–€3,950

A standard 5-star ship remains the sweet spot for archaeology-first travelers. A luxury ship becomes worth the premium when cabin quality, service ratio, and quieter onboard atmosphere matter as much as the temples.

Aswan: 9-Day Egypt Journey with Nile Cruise in Cairo
Aswan: 9-Day Egypt Journey with Nile Cruise & Flights

Cabin Pricing and Upgrade Costs

Cabin location affects price more than many first-time travelers expect. On large Nile ships, upper decks, front-facing cabins, and balcony suites command real premiums even when the core itinerary is identical.

Typical 2026 Cabin Upgrade Ladder

Cabin typeTypical upgrade vs base cabinBudget / standard shipsDeluxe shipsLuxury ships
Standard cabinBase fare€0€0€0
Nile-view standard+€32 pp€28€38Usually included
Upper-deck cabin+€57 pp€45€62€105
Panoramic / premium view+€90 ppRare€77€165
Balcony suite+€315 ppRare€230€385
Single supplement+55% avg+45%+60%+75%

A cheap lower-deck cabin in summer can undercut winter upper-deck pricing by more than €250 per person on the same ship. Couples should compare suite pricing carefully, because on some luxury departures a lead suite can be only €180 to €260 more per person than a top standard cabin.

What the Advertised Price Includes — and What It Does Not

Most Nile cruise ads show the cabin fare, not the final trip cost. A realistic booking comparison must separate included essentials from destination extras.

Inclusions and Exclusions by Cost Line

ItemUsually included?Typical 2026 cost if extra
Cabin accommodationYes—
Breakfast, lunch, dinnerYes—
Shared Egyptologist guideUsually€22 pp
Sightseeing transportUsually€17 pp
Temple entry feesOften extra€65 pp
Airport or station transfersSometimes€23 each way
Soft drinks / bottled waterUsually extra€3 each
AlcoholExtra€8 each
Wi‑FiOften limited or extra€12 per stay
Crew tipping kittyExtra€20 per night
Abu Simbel add-onExtra€100 pp
Luxor hot-air balloonExtra€85 pp
Travel insuranceExtra€42 pp
Domestic flight Cairo–Luxor / Aswan–CairoExtra€147 one way

This is why a "€495 cruise" often lands closer to €800 to €980 by the time a traveler adds common extras. Premium ships can appear less expensive than they are if they include guiding and fees while standard ships exclude them.

Why 3-Night, 4-Night, and 7-Night Cruises Price Differently

The jump from 3 to 4 nights is not just one more cabin night. It usually means more relaxed sailing windows, better temple timing, and more practical transfer alignment for travelers starting or ending in Luxor.

Duration vs Sightseeing Density

DurationTypical routeMajor sightseeing stopsApprox. sailing hoursWho it suitsCommon extras not included
3 nightsAswan to Luxor821 hrsFast itineraries, lower budgetAbu Simbel, balloon, some fees
4 nightsLuxor to Aswan923 hrsBest balance of price and paceBalloon, some transfers, drinks
5 nightsExtended Luxor to Aswan1028 hrsTravelers wanting extra temple timePremium excursions, drinks
7 nightsRoundtrip or extended1245 hrsSlow travel, suite seekers, full immersionPremium excursions, drinks
4–7 nightsLake Nasser630–50 hrsAbu Simbel-focused, Nubian archaeologyMost excursions, drinks

Seven-night cruises often look expensive but reduce daily packing, transfer friction, and missed-site risk. They also work better for winter travelers who want to avoid rushed dawn departures and compressed touring days.

Total Trip Budget: Realistic Cost Per Traveler and Per Couple

A cruise fare is only one part of the Egypt budget. For realistic trip planning, travelers should price the cruise alongside flights, tips, fees, drinks, optional tours, and insurance.

Practical Total Budget by Traveler Type and Cruise Tier

ScenarioCruise fare ppCommon extras ppTotal ppTotal for couple
Budget 3-night summer€395€210€605€1,210
Standard 4-night summer€595€245€840€1,680
Standard 4-night winter€845€285€1,130€2,260
Deluxe 4-night shoulder€1,190€310€1,500€3,000
Luxury 4-night peak€2,450€420€2,870€5,740
Dahabiya 4-night shoulder€1,850€290€2,140€4,280
7-night luxury winter€4,650€560€5,210€10,420

Example Extras Stack on a Standard 4-Night Booking

ExtraCost pp
Temple entry package€65
Tips€72
Drinks€36
Two transfers€40
Travel insurance€28
Optional hot-air balloon€85
Optional Abu Simbel€100

The most realistic mid-market planning number for 2026 is €900 to €1,250 per person for a standard or deluxe 4-night cruise once normal extras are added. Couples booking shoulder season can still stay below €3,000 total if they skip premium suites and optional tours.

Best Value by Traveler Type

Different travelers do not need the same cruise product. The cheapest cruise is not always the best value if it causes awkward transfers, rushed temple visits, or high single supplements.

Recommended Match by Traveler Profile

Traveler typeBest seasonBest routeBest ship classRealistic budget ppWhy it fits
BackpackersJun–AugAswan to Luxor, 3 nightsBudget 4-star€692Lowest fare, fastest route
CouplesMay or SepLuxor to Aswan, 4 nightsStandard 5-star€1,070Balanced comfort and value
FamiliesOct or FebLuxor to Aswan, 4 nightsDeluxe 5-star€1,500Better cabins, smoother logistics
HoneymoonersMar or Nov4 nights or 7 nightsLuxury or Dahabiya€3,450Privacy, upgraded dining, suites
SeniorsJan, Feb, NovLuxor to Aswan, 4 nightsDeluxe 5-star€1,600Better pacing, easier boarding
Luxury travelersOct–Apr4 nights or 7 nightsLuxury€4,100Highest service and cabin standards

For most couples, shoulder season deluxe is the sweet spot. For backpackers, summer standard and budget ships are unbeatable on price, provided they can handle the heat.

Local Insights

Esna Lock delays are one of the biggest hidden variables in itinerary value that most booking platforms never mention. A cheaper ship that loses two to four hours waiting at Esna can compress temple visits or shift them into hotter midday slots, which reduces real trip quality even when the fare looks attractive. When comparing ships, ask operators directly how they schedule the Esna passage — experienced operators time it for early morning to protect the touring day.

West Bank versus East Bank embarkation in Luxor matters more than most OTA pages admit. Some ships dock farther from the main hotel cluster or change mooring positions late, which affects transfer time, early check-in convenience, and how quickly you can start touring. Travelers arriving by overnight train from Cairo should confirm their ship's exact mooring point before booking transfers.

Older 5-star ships are often cheaper not because the route is worse, but because hardware ages faster than itinerary design on the Nile. Travelers focused on archaeology can save €350 to €700 per person by choosing an older standard 5-star vessel with strong recent reviews instead of paying for a newer deluxe refit. Christmas departures sell out earlier because demand concentrates into a narrow window while premium cabin inventory remains tiny — dahabiyas with 6 to 12 cabins and luxury ships with limited suite stock can be effectively sold out months before standard ships begin to tighten.

Why Older 5-Star Ships Can Be Better Value Than Newer Deluxe Vessels

A standard 5-star Nile ship may market itself similarly to a deluxe ship, but the difference usually shows in bathroom quality, sound insulation, public-space finish, and service ratios. The archaeology is largely the same, so the value question depends on whether you are paying for sightseeing or for onboard comfort.

If your days revolve around Karnak, Edfu, Kom Ombo, and Philae, an older but well-run ship can deliver nearly identical touring at 25% to 45% lower rates. If you care about newer AC systems, stronger bedding, quieter cabins, and a more polished dining room, deluxe earns its premium.

Nile Cruises vs Dahabiyas vs Lake Nasser Cruises

The standard Luxor–Aswan market is the cheapest because supply is deepest and departures are frequent. Large ships spread operating costs across more cabins, which keeps per-person pricing lower than boutique formats.

Dahabiyas command a premium because they carry fewer guests, move more slowly, and often moor in quieter spots away from the main floating-hotel clusters. Lake Nasser cruises change the equation again: they are longer, less frequent, and more focused on southern Nubian archaeology and Abu Simbel.

Product Comparison Beyond the Classic Route

Cruise typeTypical durationPrice levelCapacityBest forMain trade-off
Standard Luxor–Aswan cruise3–4 nightsLowest100 guestsFirst-timers, value seekersLess intimate
7-night Nile cruise7 nightsMid to high100 guestsSlower travelHigher total fare
Dahabiya5–7 nightsHigh18 guestsCouples, boutique fansPremium pricing
Lake Nasser cruise4–7 nightsMid to high60 guestsAbu Simbel-focused travelersFewer departures
Luxury Nile cruise3–7 nightsHighest55 guestsHigh-end travelersPremium suites sell out fast

Travelers should choose the classic route when budget matters most. Choose dahabiya for privacy and atmosphere, and Lake Nasser when southern temple coverage matters more than mainstream itinerary convenience.

How This 2026 Price Index Was Built

This index is based on published 2026 cruise pricing signals from operators, OTAs, and review-led marketplaces, then grouped into comparable ship classes and normalized into EUR. It distinguishes between market-average rates and promotional lead prices, because teaser fares often apply only to low season, old inventory, or restrictive booking conditions.

Source layers included current OTA listings, operator-published 2026 rate guidance, and market references showing daily or package pricing across the Nile segment. Published examples include a 3-night Luxor–Aswan cruise from $375 on TripAdvisor, operator-published 2026 entry pricing from $449, TourRadar pricing around $130 per day for 5-star sailings, and Egypt-focused operator ranges for dahabiya and higher-end products. To keep the index useful, promotional outliers were not allowed to define the average.

Booking Strategy for 2026

Book June to August departures 4 to 8 weeks ahead if your main goal is price. Book October to February departures 3 to 6 months ahead, and book Christmas, New Year, luxury suites, and dahabiyas 4 to 8 months ahead.

For best value:

  • Choose shoulder season: May, September, early October, or March outside holiday weeks.
  • Prefer 4-night Luxor to Aswan for the strongest price-to-experience ratio.
  • Compare final price, not lead price — the difference is typically €245 to €420 per person.
  • Check single supplement before booking solo.
  • Confirm whether temple fees and transfers are included.
  • Ask about deck level and docking logistics, including Esna Lock scheduling.
  • Favor verified reviews over star labels alone.

Final Take

The 2026 Nile cruise market starts at €395 for true budget summer sailings and rises past €6,000 for top-tier 7-night luxury products. The strongest value sits in the €595 to €1,550 range where standard and deluxe 4-night cruises deliver the best mix of archaeology, comfort, and schedule efficiency.

For most travelers, the smartest bookings are shoulder-season departures, double occupancy, and a route that prioritizes relaxed temple timing over the lowest headline fare. The most reliable way to compare Nile cruises is to line up ship age, actual cabin category, inclusions, review depth, and seasonal timing side by side — that is where real value appears and where headline bargains often disappear.

Sources

  • Egyptian Tourism Authority (ETA) — official Egypt destination and tourism statistics: egypt.travel
  • PADI — dive and travel safety standards referenced for Egypt travel context: padi.com
  • TourRadar — aggregated 2026 Nile cruise pricing and operator listings: tourradar.com
  • TripAdvisor — traveler reviews and published 2026 cruise fare ranges for Luxor–Aswan sailings: tripadvisor.com
  • Booking.com — OTA-listed 2026 Nile cruise cabin rates and availability data: booking.com
  • Egypt Tours Portal — operator-published 2026 entry pricing and itinerary details: egypttoursportal.com
  • UNESCO World Heritage List — Theban Necropolis and Nubian Monuments designations referenced for site context: whc.unesco.org
Part of:
Giftun Islands Guide 2026: Orange Bay vs Paradise vs Mahmya

Related Tours

Find more travel inspiration

Egypt 14-Day Itinerary: Ultimate Cairo to Red Sea Trip Plan
May 23, 2026Egypt 14-Day Itinerary: Ultimate Cairo to Red Sea Trip Plan
by Oriana Findlay
Egypt 10-Day Itinerary: Cairo, Luxor, Aswan & Red Sea 2026
May 22, 2026Egypt 10-Day Itinerary: Cairo, Luxor, Aswan & Red Sea 2026
by Oriana Findlay
Hurghada Boat Tours: Which One Is Right for You? 2026 Guide
May 21, 2026Hurghada Boat Tours: Which One Is Right for You? 2026 Guide
by Oriana Findlay

FAQs about Nile Cruise Price Index 2026: Budget to Luxury Rates

In 2026, a standard 3-night Nile cruise starts at €395 per person in low season and reaches €2,450 for luxury sailings, while 4-night cruises run from €495 to €3,250 and 7-night cruises from €995 to €6,450. Most travelers will pay €595 to €1,550 for a standard or deluxe 4-night cruise once taxes, guides, entry fees, drinks, tips, and cabin upgrades are added (based on OTA listings, operator rate sheets, and 2026 market pricing).

A 4-night Luxor to Aswan cruise is usually better value per sightseeing stop because it covers more major temples with a slower pace and only a modest fare increase over a 3-night sailing. A 3-night Aswan to Luxor cruise is cheaper upfront, but the shorter schedule makes the cost per touring day higher.

June, July, and August are the cheapest months, with the lowest average market rates across budget and standard 5-star ships. January, February, late December, and New Year departures are the most expensive due to peak winter demand and holiday sell-outs.

Aswan to Luxor 3-night cruises are usually cheaper than Luxor to Aswan 4-night cruises by €100 to €220 per person in the same ship class. The lower fare reflects the shorter itinerary, fewer sailing nights, and lower onboard operating time.

Most advertised fares include cabin accommodation, full board, shared sightseeing, and an Egyptologist guide. Entry fees, drinks, Wi‑Fi, tipping, domestic flights, Abu Simbel, and hot-air-balloon rides are often extra, so the final trip cost is typically 22% to 46% above the headline rate.

Yes, if you value quieter ships, newer cabins, better docking priority, stronger service ratios, and larger suites. No, if your priority is simply seeing the main temples at the lowest price, because older standard 5-star ships cover nearly the same archaeology at far lower rates.

For standard departures, 8 to 14 weeks is usually enough, but for October to February, Christmas, and New Year, the best cabins often book out 4 to 8 months ahead. Dahabiyas and top luxury ships can sell out even earlier because inventory is small and upper-deck suite stock is limited. H1: Nile Cruise Price Index 2026: Budget to Luxury Rates A Nile cruise in 2026 costs between €395 and €6,450 per person depending on ship class, season, and route — with most travelers paying €595 to €1,550 for a standard or deluxe 4-night sailing. The 2026 market is split into five clear tiers: budget 4-star, standard 5-star, deluxe 5-star, luxury, and dahabiya, with winter and holiday weeks commanding the sharpest premiums (based on operator pricing, OTA listings, and current 2026 market offers). The best-value format remains the classic Aswan–Luxor 3-night or Luxor–Aswan 4-night itinerary. Travelers comparing fares should focus on season, route length, ship age, cabin deck, and excluded extras rather than headline rates alone.