Inflation in Yemen

Yemen Inflation | Economic News & Forecasts

Yemen - Inflation

The economy will have remained in a dire state at the tail end of 2021, as the currency crisis was further aggravated in early December: The Yemeni rial—used in the area controlled by the internationally recognized government—depreciated to a new record low in the parallel market, trading at 1,700 per USD. In a bid to stem the unprecedented collapse, the president reshuffled the Central Bank’s board and appointed Ahmed Ghaleb Al-Maabqi as the new governor. Following the restructuring, the rial gained back some ground. Nevertheless, inflation has likely soared in recent weeks, making food inaccessible and putting citizens on the brink of famine. Additionally, in late December, a leak from the Safer oil tanker was detected, warranting more urgent action to prevent a potential catastrophe. In a silver lining, the World Bank recently approved two grants totaling USD 170 million to address food insecurity in rural areas and restore critical urban services.

Yemen - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)22.0  21.3  30.4  27.6  14.7  

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Yemen Inflation Chart

Yemen Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Yemen.

Yemen Facts

Value Change Date
Exchange Rate250.40.0 %Dec 31
Stock Market0.60.0 %Dec 31

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