Middle East Economic Survey

VOL. LIII

No 34

23-Aug-2010

ALGERIA

Algerian Inflation Continues On Rising Trend

Algeria saw its inflation rate rise to 5.7% in 2009, up from 4% the previous year, continuing a trend that has seen a steady increase in the prices of goods and services since 2006, when inflation was 1.6%. A report submitted to the Office of the President by Finance Minister Karim Djoudi on 15 August did not specify the main causes driving inflationary pressures in the country. Hard...