Expert Economist Kais Fekih: New Check Law Could Reduce Inflation in Tunisia
Accountant and economics professor Kais Fekih stated on Mosaïque FM that the new law on checks could reduce inflation in Tunisia by modifying the country's consumption system. He explained that the use of checks as guarantees allowed consumers to make purchases without having the necessary income, which fueled inflation. With this new regulation, consumption habits are expected to change, affecting all economic sectors.
Fekih also discussed the main causes of inflation in Tunisia, including imported inflation, the devaluation of the Tunisian dinar against the euro and dollar, and psychological inflation among consumers. The rise in global prices of imported products, combined with the weakness of the dinar, puts significant pressure on the national economy. However, he welcomed the decrease in the inflation rate to 7% in 2024 as a positive sign.
Regarding the calculation of the inflation rate, he specified that it is based on a basket of goods and services representing the expenses of Tunisian households, including food, clothing, transportation, housing, health, and education. This expenditure model is updated every five years through field surveys, allowing for a better understanding of the consumption behaviors of Tunisian families.
