Tunisia’s annual inflation rate falls in September to 7.4 pct

Tunisia’s annual inflation rate in September fell to 7.4 percent from 7.5 percent in August, a government official told Reuters on Wednesday.

Tunisia’s inflation rate stabilised at 7.5 percent in August, unchanged from July, after hitting 7.8 percent in June, the highest seen since 1990.

 The central bank expects a rate of 7.8 percent this year and 7 percent next year.

In June, the central bank raised its key interest rate by 100 basis points to 6.75 percent, its second hike in three months, to tackle inflation.

The International Monetary Fund (IMF) called this week for further monetary tightening by Tunisia to tackle the North African country’s record levels of inflation. “(The) policy rate should increase further to avoid further erosion of the purchasing power of the local currency and anchor inflationary expectations,” the IMF said.

TunisianMonitorOnline (Reuters)

Related posts