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

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