Inflation in DR Congo

DR Congo Inflation | Economic News & Forecasts

DR Congo - Inflation

More 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

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 Rate1,647-0.78 %Mar 20
Stock Market0.10.0 %Mar 19

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