The inflation rate in Algeria in 2005 was 1.9 percent.This means that Algerians in 2005:

Question

Quizplus · Accepted Answer

Inflation means the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money. Therefore, if Algeria had an inflation rate of 1.9 percent in 2005, it means that, on average, prices were 1.9 percent higher than the previous year, reducing the amount of goods and services Algerians could buy with the same amount of money, hence a slight decrease in their purchasing power.

The Inflation Rate in Algeria in 2005 Was 1