Tunisia’s annual consumer price inflation decreased to 7% in July, down from 7.3% in June, according to data released by the National Institute of Statistics on Tuesday.
The drop in inflation is attributed to a slower pace of price increases.
The report highlights a reduction in food price inflation, which fell from 10.1% in June to 9.4% in July.
Conversely, prices in the recreation and culture category rose from 5.4% in June to 5.7% in July.
In July, the Central Bank of Tunisia announced that it would keep its main interest rate unchanged at 8%.
The high interest rate is part of the government’s strategy to curb consumer price inflation.
Tunisia’s inflation peaked at a 30-year high of 10.4% in February 2023.
The country’s severe economic crisis has been exacerbated by the COVID-19 pandemic and the increased cost of importing energy and essential goods following the outbreak of the Russia-Ukraine war in February 2022.
For more insights into Tunisia’s economic indicators and the impact of global events on its inflation trends, stay tuned to our updates.
