Inflation in Yemen

Yemen Inflation | Economic News & Forecasts

Yemen - Inflation

The dire state of the economy will have deteriorated further in H2 so far, aggravated by the worsening of the currency crisis in recent months, and intensified fighting in the Marib and Hodeida port areas. The internationally-recognized government has tried to access the IMF’s SDR allocation of USD 655 million—made available on 23 August—but it first needs to find a willing country to exchange the SDRs for hard currencies in order to spend them. Foreign currency reserves, which are used to import basic goods, are quickly waning—covering only one month of imports. Therefore, the Central Bank has begun weekly auctions of the remaining reserves—on the IMF’s recommendation—in order to boost liquidity and ease pressure on the exchange rate. The Yemeni rial—used in the south of the country—collapsed to an unprecedented value, trading at around 1,500 per USD in the parallel market in mid-November, making food increasingly inaccessible, pushing an estimated 16.2 million people into acute food insecurity.

Yemen - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)22.0  21.3  30.4  27.6  14.7  

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Yemen Inflation Chart

Yemen Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Yemen.

Yemen Facts

Value Change Date
Exchange Rate250.40.0 %Dec 31
Stock Market0.60.0 %Dec 31

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