NO. 17


Financial and Banking News

Economic Indicators

Algerian Inflation To Rise To 25% In 1994

Price inflation in Algeria was 20% in 1993, according to provisionalestimates, and is expected to rise to 25% in 1994. The figures were calculatedby the National Statistics Office using partial data for the year. In 1992inflation was 32%. Inflation of 25% for 1994 is well ahead of the plannedincrease in public expenditure, which has been variously quoted by officials at6% and...