Development of inflation rates in Algeria
The inflation rate for consumer prices in Algeria moved over the past 39 years between 0.3% and 31.7%. For 2018, an inflation rate of 4.3% was calculated.
During the observation period from 1979 to 2018, the average inflation rate was 9.3%
per year. Overall, the price increase was 2,840.97 %. An item that cost 100 Dinar in 1979 was so charged 2,940.97 Dinar in the beginning of 2019.
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