2023-05-08 11:27:10
The annual inflation rate in Tunisia fell slightly to 10.1% in April 2023, against 10.3% a month earlier, following the deceleration in the pace of increase in certain categories of products, according to the Institute Tunisian Statistics (INS).
In a recent note relating to the consumer price index in April, the INS reports a slowdown in the rate of increase in food prices (15.6% against 15.7% in March) and prices of transport services (10.2% against 11.4% in March).
The rise in the food category, year-on-year, reflects higher prices for sheep meat by 30.4%, eggs by 29.8%, poultry meat by 27.5% and edible oils by 23.8%, notes the same source.
Prices of manufactured goods increased by 8.6%, due to the rise in prices of building materials by 8%, clothing products by 9.3% and routine household maintenance products by 10 .1%.
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For services, the price increase is 7.5% over one year, mainly explained by the rise in prices for restaurant, cafe and hotel services by 10.2%, public and private transport services by 16.7%. and financial services by 20.7%.
The underlying inflation rate (excluding food and energy) fell to 7.7% after 7.8% the previous month, the INS noted, adding that the prices of free products (not supervised) increased by 11.2% over one year, while the prices of framed products increased by 6.5%.
According to the financial rating agency “Fitch Ratings”, the inflation rate in Tunisia is expected to reach 9.5% in 2023 against the backdrop of “severe austerity measures” provided for in the 2023 finance law.
“Inflationary pressures will persist due to the government’s adoption of severe austerity measures that exceed estimates,” Fitch Ratings explained in a report on the economic and financial situation in Tunisia.
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