Tunisia's PPI inflation cools to 1.2% y/y in April 2014

By bne IntelliNews June 5, 2014

Falling mining and quarrying producer prices coupled with subdued manufacturing costs, cut Tunisia's PPI inflation to 1.2% y/y in April from 2.3% the month before, according to statistics office data.

Producer prices recorded 0.0% monthly growth in April compared with a 0.3% m/m rise a month earlier. In January-April, the PPI rose 1.9% y/y.

Manufacturing producer prices (83% of the basket) grew 3.5% y/y in April, ticking down from a 3.6% y/y increase the previous month, on falling chemicals cost that helped partially mitigate rising food, textile and construction materials production charges.

Food producers’ costs rose 4.2% y/y in April, easing from a 4.5% y/y expansion the month before. Textiles and leather prices grew 2.9% y/y in April whereas production costs of chemicals fell 1.0% y/y.  

Production costs in the mining and quarrying sector remained in the red amid large inventories, lower commodities prices and a high prior-year base. Such prices shrank 33.2% y/y in April, the same as a month earlier.

On the other hand, energy prices rose 4.3% y/y, quickening from a 3.8% y/y rise in March.

Related Articles

Erdogan warns Iraqi Kurds will lose “opportunities” if independence vote proceeds

Turkish President Recep Tayyip Erdogan has warned the Iraqi Kurds that it is in their interests to call off their planned September 25 independence referendum because it “may lead to a process that ... more

Russia’s Rosneft mulls Kurdistan-Turkey-Europe gas pipeline

Russia’s Rosneft is exploring the possibility of building a 30bn cubic metre (bcm) pipeline that would from 2020 deliver natural gas supplies from the Iraqi Kurdistan region to Turkey and ... more

‘Fruit juice moment’ indicates Iran making serious trade incursions in blockaded Qatar

An image of a ‘Produced in Iran’ fruit juice brand aboard a Qatar Airways flight might not appear at all exciting but to Iranians discussing the trade opportunities generated for the Islamic ... more