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.
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