Inflation in DR Congo
DR Congo - InflationMore than two months after December’s disputed presidential election, plans to form a coalition government are underway between Felix Tshisekedi’s CACH coalition and the FCC coalition headed by his predecessor Joseph Kabila. Kabila’s camp will select the prime minister and will also negotiate cabinet posts, fueling further outcry of a rigged ballot. Moreover, the FCC’s resounding victory in senate elections on 15 March has awarded Kabila with significant leverage over policymaking, and suggests continuity on the economic front under Tshisekedi’s presidency. Tshisekedi recently affirmed support for the new mining code introduced last year that hiked royalties and imposed new taxes. Fierce opposition to the code from international mining operators, however, raises uncertainties for mining activity going forward.
DR Congo - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.2||1.2||1.8||5.9||53.5|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,647||-0.78 %||Mar 20|
|Stock Market||0.1||0.0 %||Mar 19|
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