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.
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