Inflation in Algeria

Algeria Inflation | Economic News & Forecasts

Algeria - Inflation

A recent release shows that GDP grew strongly in Q2, although this was aided by a base effect, following only tepid growth in Q1. In Q3, the non-hydrocarbon sector was likely hit by a rise in Covid-19 cases and a subsequent tightening of restrictions, including an expansion of the nighttime curfew. Meanwhile, the hydrocarbon sector seemingly fared better amid higher oil prices and production. In Q4, a major lift-off in growth is unlikely. Although the removal of the curfew in mid-October should be boosting non-energy activity, the positive impact is likely being dulled by surging food prices. At the same time, while oil production continued to increase in October, the recent closure of the Maghreb gas pipeline could be causing some disruption to gas exports—notwithstanding healthy natural gas demand from Europe and the dinar’s gradual depreciation supporting competitiveness.

Algeria - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.4  5.8  5.9  3.5  2.4  

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Algeria Inflation Chart

Algeria Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Office of Statistics.

Algeria Facts

Value Change Date
Exchange Rate119.1-0.11 %Jan 01

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