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

Lebanon becomes European Bank for Reconstruction and Development shareholder

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

US lifts laptop ban on Turkish Airlines flights as of July 5

Passengers boarding an early morning July 5 Turkish Airlines (THY) flight to John F Kennedy International Airport in New York were allowed to include laptops and electronic devices larger than a ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    21 hours ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    1 day ago
  3. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    2 days ago
  4. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    6 days ago
  5. Bosnia’s ruling coalition collapses
    4 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    21 hours ago
  2. CHINA RISING: When sleeping giants meet
    15 days ago
  3. Belarus’ retail king Euroopt goes on the road
    20 days ago
  4. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    1 day ago
  5. STOLYPIN: Russia’s cyber-challenge cuts both ways
    23 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss