Inflation in DR Congo
DR Congo - InflationEconomic activity seemingly decelerated in the second quarter, as heightened trade tensions likely took their toll on the export-oriented economy. Domestically, average activity in the all-important mining sector gathered momentum in Q2; however, the rise in production was countered by lower global prices for base metals owing to an escalation in the U.S.–China trade war in May. This, coupled with falling gold and oil output in Q2, likely weighed on merchandise exports in the quarter. Meanwhile, the IMF will consider renewing financial support within the next six months, noting that the election of President Felix Tshisekedi earlier this year “provides an opportunity for reform”. The Fund suspended its aid program back in 2012 due to the lack of transparency in the process for awarding mining contracts.
DR Congo - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,665||-0.78 %||Sep 04|
|Stock Market||0.6||0.0 %||Sep 04|
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