Inflation in DR Congo

DR Congo Inflation | Economic News & Forecasts

DR Congo - Inflation

The economy likely gained pace in the third quarter on continued strong activity in the mining and hydrocarbon sector, characterized by sharp upturns in the overseas sales of copper and cobalt—two of the country’s key export commodities. Revenues shot up by almost one-and-a-half times over this period. On 3 December, the government declared cobalt a “strategic” substance and announced an almost three-fold rise in the royalty rate that miners will pay on the commodity, potentially endangering future investments. In the political arena, violence recently erupted in the east of the country between the army and rebels ahead of the long overdue presidential election scheduled for 23 December.

DR Congo - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.2  1.2  1.8  5.9  53.5  

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

DR Congo Facts

Exchange Rate1,646-0.78 %Jan 16
Stock Market0.10.0 %Jan 16

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