Algeria : Annual inflation rate at 5.9% until August 2017
- 24 September 2017 / News / 633 / Emerging Africa
The evolution of the annual rate of consumer prices stood at 5.9% until August 2017, said the National Office of Statistics (ONS).
As for the monthly change in consumer prices, which is the price index for August 2017 compared with July 2017, it rose by 1.8%.
In terms of monthly variation and product category, food prices rose by 3.6%, driven mainly by higher prices for fresh agricultural products.
Prices of fresh agricultural products jumped by 7.5% mainly due to higher prices for some of them such as fruits (+ 21.6%) and vegetables (+25.2 %).
On the other hand, declines were recorded for white meat (-5.2%) and fish (-2.3%).
Prices for industrial food products (agri-foodstuffs) showed a moderate increase of 0.1%.
Prices for manufactured goods and services rose 0.3%.
By commodity group, there was an increase in prices for furniture and furnishings (+ 1.2%).
ALGERIA-President Tebboune announces creation of ministry, bank dedicated to start-ups and micro-enterprises
- 29 December 2019
ALGIERS- The President of the Republic, Abdelmadjid Tebboune, announced on Sunday in Algiers the creation of a ministerial department dedicated to start-ups and micro-enterprises, as well as incubator...
Algeria: Foreign exchange reserves to reach $ 85 billion by the end of 2018
- 23 October 2017
Algeria’s foreign exchange reserves are expected to fall to $ 85.2 billion at the end of December 2018 and to $ 76.2 billion by the end of 2020, Finance Minister “Abderrahmane Raouya” said Sunday.Spea...
Algeria : Finance Minister predicts a sharp fall in Algeria’s foreign exchange reserves for 2018
- 23 October 2017
The Minister of Finance, Abderrahmane Raouia, has presented, on Sunday, the draft Finance Law before the Finance and Budget Committee of the National People’s assembly.During his presentation of the b...