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World

Algeria's annual inflation falls to 5.2pc in January

Published February 26, 2018 Updated February 26, 2018 12:12pm

ALGIERS: Algeria's annual inflation fell in January to 5.2 percent from 5.6 percent the previous month due to lower prices for some vegetables, official data showed on Monday.

The country has been trying to boost domestic food output while restricting imports in a bid to cut spending after a fall in energy earnings, the main source of the state finances.

On a monthly basis, the consumer price index declined 0.9 percent in January, according to the National Statistics Bureau.

The cost of vegetables fell 8 percent, while prices for cheeses and dried fruits rose 1.4 percent and 2 percent respectively.

 

Copyright Reuters, 2018
 

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