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Wednesday 23 June 2021
HomeNewsTunisia: Inflation stabilizes at 7.4% in October

Tunisia: Inflation stabilizes at 7.4% in October

The inflation rate is stabilizing. It reached 7.4% year on year in October, as in September, according to figures released Tuesday by the National Institute of Statistics (INS).

The institute explains it by keeping the same rate of price increase between the last two months of this year and the same period of last year, i.e. a rate of 1.1%.

Acceleration of the rate of increase in food prices

In October 2018, food prices rose by 6.3% year on year against 5.8% the previous month. This acceleration is explained by the increase in meat prices by 16.0%, milk, cheese and egg derivatives by 11.1%, fruits by 8.9% and fish by 8.4%.

Significant increase in transport prices

On a year-over-year basis, Transport group prices increased at a rate of 13.0% due to vehicle price increases by 15.4%, vehicle utilization expenses by 13.4% and transportation services by 9.2%.

Rising prices for housing goods and services

The housing, water, gas, electricity and other fuels group grew 6.2% year-over-year, with rents rising 5.2%, housing maintenance 16.6% and electricity and gas tariffs by 5.3%.

Core inflation and inflation of administered products

The core inflation rate (all excluding food and beverages and excluding energy) stood at 7.7%.

Prices of free products (non-administered) grew by 8.2% against 4.8% for administered prices.

Free food products increase by 7.0% against 2.2% for administered products.

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