Inflation in Algeria

Algeria Inflation | Economic News & Forecasts

Algeria - Inflation

While a low base effect should have produced a healthy acceleration in GDP growth in Q2, conditions will have been more muted in Q3. The non-petroleum sector likely struggled: A nightly curfew was extended through July and August amid a rock-bottom vaccination rate and rising Covid-19 cases, while continued domestic unrest likely deterred investment. That said, infections were significantly lower in September, and towards the end of the month the government announced plans to produce the Sinovac vaccine, which should boost inoculations ahead. The oil and gas sector, meanwhile, should have benefited from higher prices as well as higher oil production in July–September. However, a diplomatic spat with Morocco means the Maghreb gas pipeline will be closed from November onwards, with capacity improvements elsewhere unlikely to fully compensate.

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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