Tunisia’s PPI inflation subdued at 1.2% y/y in April

By bne IntelliNews July 1, 2016

Tunisia’s PPI inflation stood at a well anchored 1.2% y/y in April, down from 2.0% y/y in February and 3.0% y/y in January 2016, amid low oil and raw material prices, statistics office data showed.

The PPI inflation in Tunisia remains well below the national CPI inflation that accelerated to a five-month high of 3.6% y/y in May from 3.4% annual expansion the preceding month, on increasing food prices. In January-May 2016, the CPI index grew 3.4% y/y, remaining well in single digits and the c-bank’s comfort zone.

Tunisia’s PPI inflation averaged 1.8% y/y in January-April.

In monthly terms, the PPI grew also a mild 0.3% in April.

The PPI in the mining sector grew 0.6% y/y in April but fell 0.2% m/m amid renewed production of phosphates after a period of strikes.

Higher phosphates output coupled with falling related production prices are also boosting Tunisia’s value-added exports, helping improve its foreign trade parameters.

Manufacturing producer prices (84.8% of the index) increased 1.3% y/y in April on higher food output costs (up1.2% y/y) and textiles (up 3.5% y/y) that offset falling costs of chemicals (down 0.5% y/y) and oil refining (down 0.5% y/y).

Production costs of utilities and gas recorded zero y/y growth in April.

Related Articles

Erdogan: Turkey may strike Kurdish militants in Iraq’s Quandil Mountains “at any moment one evening”

Turkey will strike Kurdish militant camps in the mountains of northern Iraq if Baghdad does not itself clear the area of militants, President Recept Tayyip Erdogan said on June 7. On June 6, ... more

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

Dismiss