Algeria’s annual inflation falls to 2.7% in July

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ALGIERS, Aug 25 (Reuters) – Algeria’s annual inflation fell to 2.7% in July from 3.1% the previous month after a drop in prices for some foodstuffs, official figures showed on Sunday.

On a monthly basis, the consumer price index was down 0.7% in July, according to the data released by the National Statistics Bureau.

Costs for fruits and vegetables went down 34.1% and 3.1% respectively, while the price of poultry rose 5.4%.

Algeria has been seeking to increase domestic output and reduce its imports bill to cut deficits after a fall in energy earnings. (Reporting by Hamid Ould Ahmed Editing by Frances Kerry Editing by Frances Kerry)

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