
The annual inflation rate stood at 1.64% by mid-May against 3.26% in December 2013, announced Tuesday Governor of the Bank of Algeria, Mohamed Laksaci, quoting the National Office of Statistics (ONS).
"The disinflation process started in February 2013 continued throughout 2013 and during the first five months of 2014," announced Laksaci during a conference on the modernization of bank financing of SMEs in Algeria.
Thus, the inflation fell to 1.64% in May against 3.26% at the end of last December, added Laksaci for whom the performance in terms of inflation over the past 15 years, except 2012 where the evolution of the price increase has exceeded 8%, "is acquired for monetary stability in Algeria."
In 2013, the annual inflation rate reached 3.3%, after sharp acceleration of inflation of 8.9% recorded in 2012. For 2014, the government banks on inflation of 3.5%.
The control of the inflation rate constitutes a "constant concern" of the public authorities.
The government embarked on a policy of the preservation of purchasing power of the citizens, through supporting the prices of first need products and services, which allowed to decrease the inflation rate and maintain it at "reasonable" level.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor