Weekly inflation in the Democratic Republic of Congo is gradually slowing, according to the latest data from the Central Bank of Congo (BCC). In the third week of July 2023, weekly inflation stood at 0.184%, down from 4.010% recorded the previous week.
This slowdown in inflation can be attributed to a slower increase in the prices of goods and services on the market. The food, housing and miscellaneous services sectors all recorded decelerations, contributing to the decline in headline inflation. For example, the food and non-alcoholic beverages index rose 0.16% from 3.77% the previous week.
According to BCC experts, this price stability on the market is linked to exchange rate stability. Indeed, a favorable exchange rate situation makes it possible to limit inflationary pressures and mitigate the impact on the prices of imported goods.
These figures are encouraging in a context where inflation is a major challenge for many countries. The Democratic Republic of Congo is thus showing positive signs of controlling inflation. However, it is necessary to remain vigilant and adopt appropriate economic policies to maintain this downward trend in inflation and promote economic stability.
It is also interesting to note that this evolution of the weekly inflation in the DRC can have repercussions on various aspects of the daily life of the citizens, in particular their purchasing power and their capacity to meet their basic needs.
In conclusion, the Democratic Republic of Congo is recording a drop in weekly inflation, which is good news for the country’s economy. However, it is important to remain vigilant and put in place appropriate economic policies to maintain this downward trend in inflation and promote long-term economic stability