Inflation in DR Congo

DR Congo Inflation | Economic News & Forecasts

DR Congo - Inflation

Economic 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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-     -     -     -     -     

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Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Central Bank of Congo

DR Congo Facts

Exchange Rate1,665-0.78 %Sep 04
Stock Market0.60.0 %Sep 04

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