Consumer prices rise in Kinshasa

Kinshasa- DR Congo (PANA) -- Consumer prices have increased by 3.
2 per cent in the Democratic Republic of Congo (DRC)'s capital of Kinshasa, according to the July household consumer price index.
Published by the National Statistics Institute (INS), the index showed "the upward trend of prices which began in the second half of July has been confirmed.
" The rise was "remarkable compared to June," the INS said.
The INS noted that the inflation rate in the first seven months of 2005 was 23 per cent against 4.
3 per cent for the same period in 2004.
The July rise was due to the poor performance of the Congolese franc against a basket of foreign currencies, the adjustment of fuel prices and airfreight, and irregular supplies to Kinshasa of some vital local products, the INS explained.

11 Agosto 2005 10:55:00

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