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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Lebanon becomes European Bank for Reconstruction and Development shareholder

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

US lifts laptop ban on Turkish Airlines flights as of July 5

Passengers boarding an early morning July 5 Turkish Airlines (THY) flight to John F Kennedy International Airport in New York were allowed to include laptops and electronic devices larger than a ... more

Most Read

  1. Siemens considers quitting Russia
    6 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    7 days ago
  3. Turkey sends frigates, submarine as row mounts over Greek Cypriot oil, gas drilling
    6 days ago
  4. Bellwether Russia hedge fund Prosperity posts 600% surge in profits
    8 days ago
  5. Nato still has a mixed reception in Emerging Europe
    6 days ago
  1. CHINA RISING: When sleeping giants meet
    9 days ago
  2. Belarus’ retail king Euroopt goes on the road
    15 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    28 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    17 days ago
  5. VISEGRAD: The strange death of Social Democratic Czechia
    1 month ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss