Tunisia’s CPI inflation eases to 6.2% y/y in July 2013

By bne IntelliNews August 5, 2013

Tunisia's CPI inflation ticked down to 6.2% y/y in July 2013 from 6.4% the month before on lower food price growth that offset rising housing and transport charges, the state stats office INS said. In January-July, CPI inflation averaged 6.3% y/y.

Tunisia’s CPI will quicken to 6.0% in 2013 from 5.6% a year earlier, the IMF said in its latest World Economic Outlook published in April.

In monthly terms, CPI inflation rose to 0.4% m/m from 0.3% in June. Food and beverage prices (33% of the basket) inched up 0.5% m/m in July, reducing the annual growth to a still-high 7.2% y/y from 7.9% the month before.

Housing prices increased 0.8% m/m in July, lifting the annual component’s growth to 6.1% y/y from 5.5% a month earlier. Transport charges (11.3% of the index) were unchanged in monthly terms as the market seems to have absorbed the recent 10.3% hike of fuel prices. The annual growth, thus, edged down to 7.3% y/y from 7.4% in June.

Clothing and footwear prices grew 7.0% y/y in July and restaurants prices increased 7.0% supported by both local and tourism demand.

Tunisia’s CPI remains at a nearly three-year high boosted mainly by volatile food prices. Rising transport prices as the government recently upped fuel costs by an average of 10% to help ease the budget burden is also fuelling inflationary pressures.

	July-13 (m/m)	June-13 (y/y)	July-13 (y/y)
CPI (y/y)	0,4%	6,4%	6,2%
Food/beverages	0,5%	7,9%	7,2%
Tobacco	0,0%	7,7%	7,7%
Clothing/Footwear	0,5%	7,1%	7,0%
Housing/utilities	0,8%	5,5%	6,1%
Furniture/equipments	0,5%	6,5%	6,1%
Health	0,2%	1,9%	2,2%
Transport	0,0%	7,4%	7,3%
Communications	0,0%	0,5%	0,5%
Recreation/culture	0,0%	4,4%	3,8%
Education	0,0%	1,7%	1,7%
Rest/Hotels	0,1%	7,5%	7,0%
Other serivces	0,3%	4,3%	4,3%

Source: INS

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Egypt signs oil and gas exploration deals with Dragon Oil, Perenco and Apache worth over $121mn

Egypt’s Ministry of Petroleum and Mineral Resources signed three agreements on September 14 – with UAE-based Dragon Oil, and French independent Perenco Egypt and its US peer Apache Egypt ... more

Egypt eyes $5.2bn in manufacturing investments for FY2025/26, says planning minister

The Egyptian government plans to attract EGP 252.8bn ($5.2bn) in investments to the manufacturing sector for FY 2025/26, Economy Plus reported on September 3, citing the country’s Minister of ... more

Egypt set to receive $500mn tranche from IMF Resilience and Sustainability Facility before end-2025

Egypt is set to receive the first tranche of $500mn from the International Monetary Fund’s (IMF) Resilience and Sustainability Facility (RSF) before the end of 2025, Asharq Business reported on ... more

Dismiss

Chat with usLiveChat