Tunisia’s CPI inflation edges up to 3.4% y/y in April

By bne IntelliNews May 8, 2016

Higher food price growth fuelled Tunisia’s CPI inflation to a still anchored 3.4% y/y in April from 3.3% y/y the preceding month, the statistics office INS said.

The print accommodates the c-bank monetary stance by leaving the key rate on hold at 4.25% at its latest MPC sitting held on April 28, seeking to reignite the tumbling GDP growth.

In January-April 2016, the CPI index grew 3.4% y/y, remaining well in single digits and the c-bank comfort zone.

In monthly terms, the CPI increased 0.7% in April compared with zero m/m growth in March.

Food and beverages prices rose 0.3% m/m in April, lifting the annual growth to a still anchored 1.8% from 1.3% y/y in March. Fresh fruits increased 2.3% m/m and 11.9% y/y in April. Those of fresh vegetables rose 1.4% m/m and 2.7% y/y. Tobacco and alcoholic costs fell 0.5% y/y in April.

Housing and utilities prices (14% of the basket) rose 0.5% m/m in April, but the annual growth cooled to 4.6% from 4.9% y/y in March. Rents charges climbed 7.0% y/y during the month on strong local demand.

Transport prices rose 1.5% y/y, the same as in March as oil prices kept sinking and the government liberalised the fuel market.

  Apr-15 March-16 Apr-16
CPI (y/y) 5,7% 3,3% 3,4%
Food/beverages 7,2% 1,3% 1,8%
Tobacco 9,9% -0,3% -0,5%
Clothing/Footwear 7,5% 8,6% 8,1%
Housing/utilities 5,4% 4,9% 4,6%
Furniture/equipments 5,5% 5,2% 5,3%
Health 4,0% 2,3% 2,3%
Transport 2,9% 1,5% 1,5%
Communications -2,9% -1,6% -1,4%
Recreation/culture 3,0% 2,4% 1,9%
Education 4,6% 9,9% 10,2%
Rest/Hotels 10,9% 5,3% 4,8%
Other serivces 6,6% 6,1% 6,2%
Source: INS      

Related Articles

Ankara and Tehran join wave of anger directed at Trump’s recognition of Jerusalem as Israel’s capital

US President Donald Trump's December 6 announcement that his administration has decided to unilaterally recognise Jerusalem as Israel's capital was described as “against international law” by ... more

Islamic State is finished declares Iran's President Rouhani

Iranian President Hassan Rouhani on November 21 declared the end of the so-called Islamic State militant and terrorist group following decisive battles in Iraq and Syria. Stating that he wished to ... more

Turkey the loser as Baghdad rewards Iran with control of Kurdish oil exports

Iran is taking control of oil exports from Iraqi Kurdistan's giant Kirkuk field with Baghdad authorising the move as a reward for the Iranians' help in quelling the Kurds' late September push for ... more