Tunisia: Inflation falls for third consecutive month

Tunisia’s inflation rate fell for the third consecutive month, according to figures released on Tuesday by the National Institute of Statistics (INS).

On its official website, the INS reported that the inflation rate was 8.3% last November, compared with 8.6% in October and 9% in September.

“This decline in inflation, despite the monthly rise, is due to the deceleration in the rate of price increases between November and October this year, compared with the same period last year”, explained the INS.

According to the Institute, “the annual rate of price increases for the ‘food products’ group slowed from 13.1% to 11.9%, while the ‘furniture, household goods and routine household maintenance’ group fell from 8.8% to 8.1%”.

Tunisia is suffering the effects of a severe economic crisis, exacerbated by the repercussions of the coronavirus pandemic, and then by the high cost of energy and commodity imports whose prices soared following the outbreak of the Russian-Ukrainian war on February 24, 2022.

Last January, the Governor of the Central Bank of Tunisia (BCT), Marouane Abbassi, stated that, according to BCT estimates, inflation would rise to 11% in 2023, compared with 8.3% in 2022.


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