Tunisia: Inflation drops for first time this year to 7.5%

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    For the first time this year, the inflation rate fell to 7.5% in July against 7.8% in the month of June, the National Institute of Statistics (INS) said Monday.

    This decrease is mainly explained by a deceleration of the rate of price growth between the months of June and July of this year (+ 0.5%) and the same period of last year (+ 0.9%), where the price of tobacco rose sharply in July 2017 (+ 13.1%) against stability in 2018.

    Deceleration of rising food prices

    In July 2018, food prices rose by 8.3% year-on-year, compared to 8.6% the previous month. This increase is explained by rise in fruit prices by 19.9%, meat prices by 14.3%, fish by 9.5%, food oils by 7.6% and milk derivatives, cheese and eggs by 7.4%.

    Increase in transport prices

    Year-over-year, transportation group prices grew by 11.0% due to vehicle price increases by 13.7%, vehicle utilization expenses by 11.3% and transportation services by 8%.

    Higher prices for various goods and services

    On a year-over-year basis, prices for miscellaneous goods and services increased 11.1% as personal care prices rose 11.6%, insurance 9.3% and financial services 7.5%.

    Core Inflation and Inflation of Administered Products

    The core inflation rate (excluding non-food and drink and non-energy) is 7.3%. Free product prices went up by 8.5% compared to 3.9% for administered prices. Free food products grew by 9.5% against 2.1% for administered products.

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