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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Algeria's Annual Inflation Unchanged in March at 1.8%

A view of an empty street, following the outbreak of the coronavirus, in Algiers, Algeria March 25, 2020. (Reuters)

Algeria’s annual inflation stood at 1.8% in March, unchanged from the previous month, as prices for most products stabilized, official data showed on Tuesday.

On a monthly basis, the consumer price index rose by 1.2% in March, according to the National Statistics Bureau.

Prices for manufactured products rose 0.5% while the cost of services stagnated.

Algeria has been implementing restrictions on imports of some goods in an attempt to reduce spending after a sharp fall in energy earnings.

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