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Tunisia Inflation Soars

Tunisia Inflation SoarsTunisia Inflation Soars

The inflation rate in Tunisia reached 5% in April 2017 after stagnating at 4.6% in January and February, followed by an increase to 4.8% in March, announced the National Institute of Statistics, Albawaba reported. This increase is the result of the acceleration in the rate of price increase (+ 0.9%) between the months of April and March of this year (against + 0.7% during the same period in 2016). A few weeks before the month of Ramadan, the INS reported an 11.5% rise in vegetable prices, 13.6% in edible oils, 5.8% in fish, 2.4% in milk, cheese and eggs prices and 3.6% increase in meat prices. Prices for beverages have increased by 4.6% as a result of higher prices for mineral water, soft drinks and fruit juice by 6.2%. The inflation of clothing and footwear (8.4%) was due to the increase in footwear prices by 7.6%, clothing by 8.9% and fabrics by 4.4%. Prices for housing, water, gas, electricity and other fuels increased 5.9% year-on-year, as a result of the 6.3% increase in rents and electricity and gas rates by 2.8%.

 

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