Development of inflation rates in Algeria
The inflation rate for consumer prices in Algeria moved over the past 40 years between 0.3% and 31.7%. For 2019, an inflation rate of 2.0% was calculated.
During the observation period from 1979 to 2019, the average inflation rate was 9.1%
per year. Overall, the price increase was 2,898.37 %. An item that cost 100 Dinar in 1979 was so charged 2,998.37 Dinar in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 31.7% in 1992 means, that compared to the previous year all prices have been increased by an average of 31.7%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Algeria