Unfavourable seasonal factors coupled with higher private consumption and local demand for food, clothing and entertainment during the holy month of Ramadan, lifted Tunisia’s CPI inflation to a six-month high of 3.9% y/y in June from 3.6% y/y the preceding month, the statistics office INS said.
In January-June, the CPI index rose 3.5% y/y, remaining well anchored and in single digits, thus within the c-bank’s comfort zone. The central bank is sustaining its wait-and-see monetary stance by holding the benchmark rate unchanged at 4.25%, seeking to spur GDP growth amid still anchored inflation.
In monthly terms, the CPI increased 0.4% in June, easing from 0.6% m/m in May.
Food and beverages prices rose 0.3% m/m in June, fuelling the annual growth to a seven-month high of 3.7% from 2.9% y/y in May.
Fresh vegetables prices climbed 12.2% y/y in June and those of poultry grew 4.6% y/y. Prices of edible oils also increased 7.7% y/y in June.
Housing and utilities prices (14% of the basket) rose 1.5% m/m in June, lifting the annual increase to a seven-month high of 5.6% from 4.8% in May.
Rents charges climbed 7.3% y/y during the month on strong local demand. Those of potable water climbed 13.4% y/y in June.
Transport prices rose 1.2% y/y, the same as in May, while those of clothing and footwear rose 7% y/y amid strong local demand during Ramadan.
|May-15 (y/y)||May-16 (y/y)||June-16 (y/y)|
The United Arab Emirates’ (UAE’s) global port operator Dubai Ports World on March 24 signed two framework agreements to acquire stakes in Kazakhstan’s two Special Economic ... more
The odds on the Trump administration attempting to kill the Iran nuclear deal substantially shortened on March 13 with the firing-by-tweet of US Secretary of State Rex Tillerson and his replacement ... more
Algerian national energy company Sonatrach has struck a deal with Turkey's Ronesans and Bayegan to build a petrochemical plant worth $1bn in Turkey, Turkish President Recep Tayyip Erdogan said on ... more