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Algeria: inflation at 3.6% over one year in May 2019 (ONS)



The evolution of annual consumer prices in Algeria was 3.6% until May 2019, APS learned from the National Office of Statistics (ONS).

 The annual consumer price trend in May 2019, which is the average annual inflation rate calculated taking into account the 12 months, from June 2018 to May 2019, compared to the period from June 2017 to May 2018. Quant to the monthly change in consumer prices, which is the gross consumer price index in May 2019 compared to April of the same year, it increased by almost 1%.

  In terms of monthly change and by product category, food commodity prices were up 1.1% in May and over the previous month. This increase is driven, essentially, by a 2.4% increase in fresh agricultural products, says the Office. Indeed, this monthly change in the prices of fresh agricultural products is mainly due to higher prices for fresh fruit (+ 13.5%), potatoes (+ 22.4%) and meat. of beef (+ 0.4%). On the other hand, price decreases mainly concerned chicken meat (-3%), fresh fish (-4.2%) and eggs with close to -0.9%.

 For the prices of industrial food products (agri-food), they recorded a slight decline of nearly (-0.2%) last May and compared to April, according to the same source. As for manufactured products, they increased slightly by + 0.2% and services (+ 2.3%) last May and compared to last April. By group of goods and services, the increase in prices mainly affected education, culture and leisure (+8.9), clothing and footwear (+ 1.1%).

 The miscellaneous products group also saw a slight upward trend, but a smaller one (0.9%), while the rest was generally characterized by stagnation. In the first five months of 2019, consumer prices rose by nearly 2.4%, the ONS notes. This upward trend affected all product categories, with the exception of fresh agricultural products, which fell by almost 0.3%. Food goods increased by 1.02%. This increase was driven by beef (14.3%), fresh vegetables (4.2%) and mutton (2.8%).

 From January to May 2019, other products were down, the most notable was chicken (-12.4%), eggs (-10.3%), fresh fish (-9%), 50%) and the potato with around (7%). On the other hand, industrial food products (agribusiness) rose by 2.3% in the first five months of 2019. The rise in prices also concerned manufactured goods with + 3.9% and services with + 2.7 %. As a reminder, Algeria’s inflation rate reached 4.3% in 2018.