Tunisia: banking prices increase more than 9% in 2016

The Banking Services Price Index (BSPI) rose by 9.4% in 2016 compared to 2015, the Central Bank of Tunisia (BCT) announced on Friday.

The CenBank has indicated that the majority of the BSPI basket consists of commissions relating to credit transfers, electronic banking, group bundles, account maintenance fees and remote banking.

Therefore, any price change on any of these services significantly impacts the value of the BSPI.

 On a year-to-year basis, BSPI increased by 6% in 2011, by 1.9% in 2012, by 5.8% in 2013, by 5.6% in 2014 and by 8.6% % in 2015, i.e. an annual average of 6.2% in 6 years.

The objective of the BSPI is to measure the evolution of the general level of prices for banking services.

It records the change in prices between a base period and a variable period or between any two periods between the base period and the current period.

In order to calculate the index, micro-indices are combined into higher-level composite indices, which are grouped together into higher-level indexes and so on up to the last level that will allow the price index of the period considered to be obtained.

African Manager

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