Tunisia Sees Slight Decrease in Inflation Rate in November 2024
Tunisia has recorded a slight decrease in its inflation rate in November 2024, with the rate dropping from 6.7% to 6.6%. This modest decline is largely attributed to the reduction in underlying inflation, particularly linked to non-food products. However, the inflation rate for fresh food products remains high, reaching 14.1% in November 2024.
The Central Bank's Administrative Council has highlighted that, although inflation appears to be stabilizing, upward risks persist. The increase in salaries in both the private and public sectors could limit the decline in inflation, exerting additional pressure on production costs and domestic demand. Furthermore, fluctuations in global commodity prices and fiscal imbalances could hinder any significant improvement in the situation.
Forecasts for 2024 indicate an average inflation rate of 7%, but this could decrease to 6.2% in 2025, provided that external and internal factors do not generate new inflationary pressures.
The Central Bank, aware of the risks, is therefore maintaining its benchmark interest rate at 8% to ensure monetary stability and support the country's economic consolidation.
