Tunisia.. Inflation at 5.5% for the second month | economy

aljazeera.net
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Official data showed, on Friday, that inflation in Tunisia stabilized at 5.5% for the second month in a row.

The National Institute of Statistics (governmental) said in data that the inflation rate in household consumption reached 5.5% last May.

The institute attributed this to a decline in the rate of rise in the prices of the clothing and footwear group to 9.1% during May, compared to 9.3% during last April.

He pointed out that the prices of the nutrition and beverages group maintained a stable rate of increase at 8.2%.

Last May, the institute announced that inflation had risen to 5.5% in April, an increase of 0.5% from the previous March.

On Wednesday, the Central Bank of Tunisia kept the key interest rate unchanged at 7%, and the bank explained that inflationary pressures resulting from external factors have witnessed an escalation during the recent period.

The Central Bank of Tunisia expects that these developments will be reflected in the structure of local prices and push inflation to rise during the coming period.

For years, the country has been suffering from accumulated economic pressures, exacerbated by the repercussions of both the Corona pandemic and the Russian-Ukrainian war that has been ongoing since 2022.

The war between the United States and Israel on Iran since February 28 has also caused inflation to rise around the world, due to an increase in the costs of importing energy and basic materials.



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