Tunisia’s CPI inflation holds at 4.2% y/y in September

By bne IntelliNews October 6, 2015

Tunisia’s CPI inflation remained at a three-year low of 4.2% y/y September, the same as a month earlier as a mild increase in food prices was mitigated by slowing housing costs, falling telecom charges and stabilising transport prices, the statistics office INS said.

In monthly terms, the CPI rose 0.3% in September, inching up from a marginal 0.1% m/m rise in August. Excluding energy prices, the CPI inflation reached 4.5% y/y in September. Excluding food and energy, the CPI stood at 4.8% y/y.

Food prices grew 0.7% m/m in September lifting the annual growth to 4.0% from 3.7% y/y in August.

Fresh vegetables grew 4.0% m/m during the month and those of fresh fruits rose 2.4% m/m.

Housing and utilities prices (14% of the basket) ticked up just 0.1% m/m, cutting the annual rise to 5.5% from 5.8% y/y in August. Rents charges climbed 7.7% y/y in September while those of utilities edged up 0.3% on falling energy costs.

Transport prices edged up a marginal 0.2% m/m in September, sending the annual rise to 1.6% from 1.5% y/y in August. Falling foreign tourist arrivals partially offset the strong local demand as restaurant and hotels prices grew 8.5% y/y, slowing from 9.4% y/y in August.

    Sept-14 Aug-15 Sept-15
CPI (y/y)   5,6% 4,2% 4,2%
Food/beverages   6,3% 3,7% 4,0%
Tobacco   12,0% 0,3% 0,4%
Clothing/Footwear   6,7% 6,4% 6,7%
Housing/utilities   6,3% 5,8% 5,5%
Furniture/equipments   5,2% 5,7% 5,9%
Health   1,9% 3,4% 3,0%
Transport   3,3% 1,5% 1,6%
Communications   -2,3% -2,5% -2,4%
Recreation/culture   3,8% 3,4% 3,1%
Education   3,2% 4,8% 6,4%
Rest/Hotels   10,0% 9,4% 8,5%
Other serivces   5,7% 6,5% 6,6%
Source: INS        

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