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Algeria's annual inflation rate hit 4.3 pct in Nov. 2011

12-20-2011 11:21 BJT

ALGIERS, Dec. 19 (Xinhua) -- The annual inflation rate in Algeria continued its upward trend in November, hitting 4.3 percent, the local APS news agency reported Monday quoting National Office of Statistics (ONS).

The past five months saw the annual inflation rate steadily increasing, with 3.6 percent in July, 3.8 percent in August, 4 percent in September and 4.2 percent in October.

Consumer prices over the first 11 months of 2011 increased by 4. 47 percent, as prices of food products increased by 4.27 percent. Meanwhile, prices of manufactured goods and services respectively increased by 5.30 percent and 3.25 percent.

On the other hand, Consumer Price Index (CPI) in November increased by 0.33 percent than the previous month, due to 2.05 percent rise of manufactured goods prices and 0.13 percent rise in services. However, Foodstuff prices in November edged down by 1 percent, mainly driven by a decrease of 2.1 percent of fresh products prices.

 

Editor:Zhang Pengfei |Source: Xinhua

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