Tunisian Inflation Fell Below 6 percent

  • Tunis, Republic of Tunisia
  • 7 July 2020

According to a report issued by the Tunisian Statistical Institute, Tunisia's inflation rate fell to a level of less than 6 percent during the month of June, affected by lower prices for food, services, transportation, and the clothing and footwear group.

The ratio was in the range of 6.3 percent during the month of May, but it recorded a decline after the slowdown in food prices and its decrease from 4.7 percent to 4.3 percent, and the prices of clothes and shoes decreased in the pattern of their rise and stabilized at 6.7 percent after it was 7.6 percent. Transport services prices fell from 3.3 percent to 1.6 percent, which has had a positive impact on the inflation rate recorded at the national level.

In a separate context, the Tunisian government has prepared an economic program called "the government economic rescue plan until the beginning of the year 2021", in preparation for the five-year plan for development that extends from 2021 to 2025. The program will be launched by continuing to support the affected institutions by providing additional funding to combat unemployment through providing 100 million Tunisian dinars (about 34 million dollars) to support the affected institutions and enable them to maintain jobs and extend the terms of use of a financing plan guaranteed by the state.

Source (Al-Sharq Al-Awsat newspaper, Edited)