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

UAE investor to develop $500mn agri-food group in Romania

The Al Dahra Group of the United Arab Emirates (UAE) wants to purchase nearly 60,000 hectares of agricultural land along the Danube River, develop a logistics company including water and road ... more

UAE to buy major stakes in Kazakh special economic zones

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

Survival of Iran nuclear deal appears far less likely under US Secretary of State Mike Pompeo

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

Dismiss