Tunisia’s Annual Inflation Decreases to 6.9 Percent in April

Tunisia’s annual inflation rate in April slowed to 6.9 percent from 7.1 percent in March, official data showed on Saturday.

Inflation was 7.3 percent in February.

The central bank raised its key interest rate in February to 7.75 percent from 6.75 percent to combat high inflation, the third such hike in the past 12 months, Reuters reported.

Tunisia’s economy grew 2.5 percent in 2018 compared with 1.9 percent in the previous year, the state statistics institute said previously. 

Several factors curbed economic growth opportunities in Tunisia in 2018 including: deterioration of local currency value, a record deficit of trade balance, drop in foreign currency reserve, and low exports of strategic phosphate.

Tunisian authorities are working on making a balanced development in a number of poor regions where unemployment reached 30 percent.

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