Inflation continues to be a major concern in the Democratic Republic of Congo (DRC) in October 2023. According to the Central Bank of Congo (BCC), the weekly inflation rate reached 0.161% during the second week of the month, an increase compared to the previous week when it was 0.103%.
In its analysis, the BCC underlines that several categories of products contributed to this increase in inflation, in particular “Food products and non-alcoholic drinks”, “Housing, water, gas, electricity and other fuels”, “Goods and miscellaneous services”, “Transport” and “Restaurants and hotels”. These categories represent 65.21%, 15.03%, 7.23%, 5.43% and 4.84% of the overall index, respectively. Other sectors made marginal contributions.
More specifically, inflation is due to the increase in prices of basic necessities. For example, the price of mineral water has almost doubled in certain sales areas in the city of Kinshasa.
Cumulatively and year-on-year, the inflation rate stood at 18.442% and 21.605% respectively over the period analyzed.
It is therefore essential to closely monitor the evolution of inflation in the DRC, because this directly impacts the purchasing power of households and the economic stability of the country. The authorities must take adequate measures to control this inflation and maintain sustainable economic growth.
To find out more on the various subjects linked to the economy and current events in the DRC, do not hesitate to consult the articles already published on our blog. They will give you a new and in-depth vision of current issues.
Sources:
– Article on inflation in the DRC: [insert article link]
– Article on international reserves in the DRC: [insert article link]
– Article on subcontracting in the DRC: [insert article link]
– Article on the fight against female cancers in the DRC: [insert article link]
– Article on Denise Nyakeru Tshisekedi’s commitment to the development of the DRC: [insert article link]
– Article on the mobilization of the youth of Goma against the presence of the EAC in the DRC: [insert article link]
– Article on Donald Trump’s request to leave: [insert article link]
– Article on the mobilization of the youth of Goma for the departure of the EAC and peace in the DRC: [insert article link]
– Article on Joe Biden’s call for emergency aid for Israel and Ukraine: [insert article link]
– Article on the forums for popular expression in Kimpese in the DRC: [insert link to the article]
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