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        

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