Democratic Republic of the Congo: Inflation

* indicates monthly or quarterly data series
 Democratic Republic of the Congo

Inflation: percent change in the Consumer Price Index

 Latest value 2.9
 Year 2016
 Measure percent
 Data availability 1964 - 2016
 Average 675.8
 Min - Max -2.7 - 23,773.1
 Source The World Bank
For that indicator, we provide data for Democratic Republic of the Congo from 1964 to 2016. The average value for Democratic Republic of the Congo during that period was 675.8 percent with a minimum of -2.7 percent in 1965 and a maximum of 23773.1 percent in 1994. The latest value from 2016 is 2.9 percent. For comparison, the world average in 2016 based on 179 countries is 5.1 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Democratic Republic of the Congo - Inflation - Recent values chart

Historical chart
Democratic Republic of the Congo - Inflation - historical chart - 1964-2016




Inflation in Democratic Republic of the Congo and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.

Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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 Related indicators Latest value Reference Measure
 Inflation 2.9 2016 percent
 Exchange rate regimes 5 2021 index points
 USD exchange rate 2,483.4381 9/2023 Local Currency Units per USD
 Money supply (broad money) 32,075.59 9/2023 billion
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