Yearly inflation at 4.1% in February 2019

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ALGIERS- Annual consumer price inflation was 4.1% in February 2019, the National Office of Statistics told APS.


As for the monthly change in consumer prices, which is the gross consumer price index in February 2019 compared to January 2019, it fell slightly by 0.5%.

In terms of monthly change and by product category, food commodity prices were down 1.3% in February 2019 compared with January 2019.

This decline is driven, essentially, by a decrease in prices of fresh agricultural products (-2.8%), says the Office.

The largest decreases were in fruits (-10.8%), eggs (-12.4%), chicken meat (-8.8%) and potatoes (-8%) in monthly variation .

On the other hand, price increases were recorded for fresh vegetables (+ 1.55%) and fresh fish (+ 2.47%).

For the prices of industrial food products (agri-food), they recorded a slight increase of 0.1%.

On the other hand, with regard to the prices of manufactured products, they stagnated (-0.02%), while those of services saw a slight increase (+ 0.64%) in February 2019 compared to January 2019, details the statistical agency.

By group of goods and services, the increase in prices affected the products of the groups “health and personal hygiene” (+ 0.72%), “housing-charges” (+ 1%), “education-culture-leisure” (+ 0.1%) and the miscellaneous group (+ 0.13%).

As for the products of the “clothing-shoes” group, their prices fell by 0.52% in February compared to January 2019.

As a reminder, the inflation rate reached 4.3% in 2018.

APS

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