Tunisia’s PPI inflation retreated to 2.9% y/y in February 2013 from 4.0% a month earlier, due mainly to slower growth in manufacturing producer prices, the statistics office said. Mining and quarrying production prices also tumbled during the month due to slower external demand and periodic sit-ins and strikes waged by labourers. In monthly terms, PPI inflation edged up 0.1% m/m compared with a 0.5% growth a month earlier. Manufacturing producer prices (83% of the basket) grew 3.4% y/y in February, easing from a 4.4% rise the month before. Higher food prices, whose producer costs increased 5.1% over the period, and strong housing demand that lifted construction materials’ producer charges by 3.5%, were the main growth engine.
Chemical producer prices shrank 0.9% y/y in February due to lower commodity prices and even external demand. Strong EU demand boosted charges of textiles by 3.3% in February. Mining and quarrying production inched up just 0.7% y/y, braking from 5.4% growth the month before. Such prices fell 0.7% m/m in February. Water and electricity producer prices were unchanged in annual terms.
Related Articles
Egypt and Russia finalise key agreements for Dabaa Nuclear Power Plant
Egypt has signed an agreement with Russia’s Rosatom to secure the nuclear fuel supply for Unit 1 of the Dabaa Nuclear Power Plant, Al Ahram reported on November 19. Officials said the agreement ... more
Egypt launches international bid round for gas exploration in Red Sea
Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four offshore blocks in the Red Sea, according to Al Youm Al Sabea, ... more
BP expands gas output in Egypt’s West Nile Delta with new well start-up
British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply, Al Mal reported on ... more
Most Read
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago
-
India’s smart metering push gains momentum
4 months ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago