TICKET: Price Escalation Continues

2023-05-10 08:29:02

L’inflation, which was said to be on the decline, is more rampant than ever. Suffering for employees and particularly for the poorest, forced to abruptly reduce their lifestyle. Super increases in electricity, water and fuel bills are now compounded by skyrocketing food prices.

It should be recalled that in March 2023, inflationary pressures had recorded a rise in consumer prices of 0.7% and that, over one month, food prices rose by 1.2%. Can we thus continue to turn a blind eye to the distress that Tunisians have been experiencing for years, accentuated by the rise in prices which has become increasingly insurmountable? Uncertainties, fears, anger, helplessness, it’s a whole hurricane of feelings that reign in the street because of the rise in food prices crushing any fiber of hope for the middle classes and the poor. If inflation is rampant throughout the world, Tunisia has given itself the watchword of all economic debates and the club that torments citizens. Today, the prices of consumer goods continue to rise, sometimes going from almost single to double, weighing heavily on the household basket. The high cost of living continues its good days. The government, which is still facing the economic crisis, the harsh drought that the country is experiencing as well as the consequences of the Russian-Ukrainian war and inflation, is being put to the test more severely. It must now create solutions and not limit itself to diagnosing them and ignoring them or that citizens get away with resignation and debt. Soaring prices have had a strong impact on purchasing power, the high cost of living is changing the most stubborn habits and citizens, whose income no longer covers the charges, no longer find themselves there, and must adjust their budget to cope with the financial pressure.

It should be remembered that the surge in the prices of certain food products would be caused by the marketing problem aggravated by intermediaries and speculators, climate change and the water stress from which the agricultural sector suffers, the geopolitical crisis as well as the problem of bank financing.

Knowing that at the global level, inflationary pressures are expected to ease in the second quarter of 2023, due to the tighter monetary policies implemented in the previous year.

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