DRC’s Inflation Rate Hits 9.2% as of June 16, 2023
As of June 16, 2023, the inflation rate had reached 9.2% year-to-date, mainly reflecting the rise in food prices due in part to that of imports.
This is the observation made by the Monetary Policy Committee (CPM) at the end of a meeting held on Monday, June 19, 2023, under the leadership of Mrs. Kabedi Malangu, Governor of the Central Bank of Congo (BCC).
According to the same source, the inflation rate should reach 11.5% in December 2023. However, this outlook is down from 13.1% in 2022.
It should be emphasized that inflation is now one of the persistent uncertainties in the global economy.
In this regard, the Monetary Policy Committee (CPM) recommended increased vigilance in the conduct of monetary and exchange rate policy and enhanced coordination with fiscal policy.
Remember that we speak of inflation when prices increase overall, and not just the prices of a few goods and services. When this is the case, over time, each Franc makes it possible to buy fewer products.
In other words, inflation is therefore the loss of the purchasing power of money which results in a general and lasting increase in the prices of goods and services on the markets.
