Tunisia Inflation To Drop Below 7%

(MENAFN- Brazil-Arab News Agency (ANBA)) São Paulo – Inflation should gradually ease and fall below year-on-year 7% in the second half of 2024, the Central Bank of Tunisia (BCT) said.

Inflation is expected to return to an annual average of 7% in 2024, from 9.3% in 2023, before stabilizing at 6% in 2025, TAP state news agency reported.

Inflation in Tunisia pushed down by international prices

“The new forecasts confirm the continuation of the gradual easing of inflation, although rates would still remain at high levels in the short and medium term,” the Central Bank said.

“The disinflationary path would be supported in the short term by the transmission of the effects of the previous falls in international prices of raw materials and basic products.”

According to the Central Bank,“the pace of disinflation would be slow due to increases in wage costs and the presence of demand pressures on production capacity in several sectors of activity, notably the agricultural sector”.

Inflation in fresh products, it is expected to gradually decline from 16.2% in 2023 to 10% in 2024 and then to 7.1% in 2025, while core inflation would increase from 9.1% in 2023 to 7.3% in 2024 and 6.4% in 2025.

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Translated by Guilherme Miranda

©Fethi Belaid/AFP

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